3398 N 1st St Abilene, TX 79603

3398 N 1st St is a retail storefront property presented as a value-add acquisition with an existing income-producing component and approximately 3,588 SF of remaining lease-up opportunity. The exterior and site have been updated with a modernized Class A-style façade, upgraded parking areas, LED lighting enhancements, and additional exterior and site improvements intended to improve tenant experience and long-term positioning.

The property is located along a heavily traveled commercial corridor with direct access to Interstate 20 and major regional thoroughfares, supporting strong visibility to both local residents and interstate travelers. The surrounding area includes established retail activity and proximity to major employment and institutional drivers, including Hendrick Medical Center, Abilene High School, Texas Tech Health Sciences Center, Abilene Christian University, and Dyess AFB commuter traffic.

For tenants, the mix of existing income space plus remaining lease-up area can accommodate retail users seeking a corridor location with frequent drive-by traffic. For buyers and investors, the offering includes an incoming restaurant tenant that is currently completing interior improvements and is anticipated to open within the next five to six months. Ownership also notes projected stabilization assumptions, including an estimated approximately 9.8% pro forma cap rate upon lease-up of the remaining vacancy.