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    224 Leggett Dr Abilene, TX 79605

    For Sale
    $548,000

    8,422 SF Office Building, Value-Add Opportunity

    Property size:
    8,422 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 8,422 square foot creative office building, located at 224 S Leggett Dr, Abilene, TX 79605, presents a compelling value-add investment opportunity. The property, built in 1956, is classified as a Class C building and boasts a desirable location within the Leggett Office Complex, offering excellent frontage on S Leggett Drive. The asking price is $548,000, translating to $65.07 per square foot. The property sits on a 0.85-acre lot (approximately 37,026 square feet), zoned GC General Commercial, allowing for diverse uses. Currently, the area features a mix of professional office and medical tenants, along with various service providers, indicating a strong and established commercial presence. This income-producing property is professionally managed and offers significant potential for future growth and enhancement. The property is being sold as-is, and additional land may be available for separate purchase, subject to negotiation. This presents a unique chance to acquire a well-situated commercial property in a thriving Abilene neighborhood. Detailed financial information and property specifics are available upon request.

    Property Features for 224 Leggett Dr

    General Information

    Property type
    Office space
    Square Feet
    8,422 SF
    Class
    C
    Lot Size
    37,026 SF

    Building Details

    Year Built
    1956

    HighLights

    • Value‑add opportunity in established Abilene location.
    • Professionally managed, income‑producing asset.
    • Excellent S Leggett Drive frontage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.77052092
    Latitude
    32.44950693

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    FAQs

    What type of property is this?
    Office space - 8,422 SF Office Building, Value-Add Opportunity
    Where is this office space located?
    The property is located at 224 Leggett Dr Abilene, TX.
    What is the asking price?
    The asking price for this property is $548,000.
    What are key features of this property?
    This property features: Value-add opportunity in established Abilene location.; Professionally managed, income-producing asset.; Excellent S Leggett Drive frontage.
    Request Owner's contact information
    224 Leggett Dr Abilene, TX 79605
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    Abilene, TX 79605
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    224 Leggett Dr Abilene, TX 79605
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