Industrial Redevelopment Land with Rail
189 Locust Abilene, TX 79602
189 Locust, Abilene, TX, 79602
$1,200,000
For Sale
$1,200,000
LAND - Abilene, TX
Property Size6,240 SF
Lot Size5.42 Acres
Price / SF$192.31
Days on Market56
Property Features for 189 Locust
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 22875
- Size
- 6,240 SF
- Lot size
- 5.42 Acres
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1930
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Terrazzo, Concrete
- Roof type
- Composition, Metal, Slate, Tile
Listing Agency
Barnett & Hill
(325) 677-3500
Abilene, TX
Listed by
John Hill · License #0627718
(325) 677-3500
Added: May 27 Updated: Jul 10 at 10:35 pm Checked: Jul 21 at 1:06 am
MLS# 14278055
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A largely undeveloped rail-used industrial land parcel offered for sale, totaling 5.42 acres. Public remarks indicate it is zoned LI and located in an opportunity zone. The property includes two existing rail-related buildings: a 3,040 sf Burlington depot and a 3,200 sf rail maintenance barn.
The tract is described as being at the corner of Locust & S 2nd in Abilene’s SoDA district, positioned as part of the South Abilene Planning District. Public remarks further state the site represents the largest, contiguous acreage in that planning district.
While the parcel is primarily undeveloped, the presence of the two buildings supports a range of industrial and adaptive reuse concepts. Public remarks also reference redevelopment potential aligned with mixed-use housing and retail to complement existing nearby businesses. An additional 1.08-acre property with a 15,000 sf warehouse at 133 Cherry is also listed, which public remarks say brings this offering to approximately 6.5 acres in total.
The tract is described as being at the corner of Locust & S 2nd in Abilene’s SoDA district, positioned as part of the South Abilene Planning District. Public remarks further state the site represents the largest, contiguous acreage in that planning district.
While the parcel is primarily undeveloped, the presence of the two buildings supports a range of industrial and adaptive reuse concepts. Public remarks also reference redevelopment potential aligned with mixed-use housing and retail to complement existing nearby businesses. An additional 1.08-acre property with a 15,000 sf warehouse at 133 Cherry is also listed, which public remarks say brings this offering to approximately 6.5 acres in total.
Key Highlights
- 5.42‑acre largely undeveloped parcel in Abilene’s SoDA district at the Burlington depot corner of Locust & S 2nd
- Zoned LI and located in an opportunity zone; previously used for rail
- Two on‑site buildings: 3,040 SF Burlington depot and 3,200 SF rail maintenance barn
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.2k | $9.00 |
| − Vacancy | −$2.5k | −$0.41 |
| EGI | $53.6k | $8.59 |
| − OpEx | −$8.0k | −$1.29 |
| NOI | $45.6k | $7.31 |
6,240 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$651.3K
$569.9K – $759.8K
NOI $45,588 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,524 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Burlington Railroad Station
Tour Operator
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial land - Largely undeveloped rail-used tract with two existing industrial buildings on a zoned LI site.
Where is this industrial land located?
The property is located at 189 Locust Abilene, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5.42‑acre largely undeveloped parcel in Abilene’s SoDA district at the Burlington depot corner of Locust & S 2nd; Zoned LI and located in an opportunity zone; previously used for rail; Two on‑site buildings: 3,040 SF Burlington depot and 3,200 SF rail maintenance barn
