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    248-270 Leggett Dr Abilene, TX 79605

    For Sale
    $902,550

    Value-add opportunity, diverse tenants.

    Property size:
    16,410 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a 16,410-square-foot mixed-use property located at 248-270 S Leggett in Abilene, Texas, 79605. The property, built in 1955 and zoned GC General Commercial, offers a blend of retail and creative office spaces, totaling 8,196 net rentable square feet. Currently featuring a multi-tenant occupancy with a mix of professional office, medical, and service providers, the property presents a significant value-add opportunity. Four of the eight suites are currently leased, leaving approximately 10,000 square feet of available space, much of which is flex-use. The asking price is $902,550, translating to $55 per square foot. The 0.96-acre lot provides ample space. This property is part of a larger portfolio and can be purchased independently or as part of a package deal. The seller is open to owner financing. This Class C property operates under a NNN lease structure. The property's location in Abilene, Taylor County, offers excellent potential for growth and return on investment. The property's diverse tenant mix and available space make it an attractive proposition for investors seeking a value-add opportunity in a thriving Texas market.

    Property Features for 248-270 Leggett Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    16,410 SF
    Class
    C
    Lot Size
    41,818 SF

    Building Details

    Year Built
    1955

    HighLights

    • $902,550 asking price for a value‑add opportunity.
    • 16,410 square foot retail and office property with 8,196 square feet of net rentable space.
    • Multi‑tenant property with a diversified tenant mix, currently professionally managed.
    • Located at 248‑270 S Leggett, Abilene, TX 79605, on a 0.96‑acre lot, zoned GC General Commercial.
    • Built in 1955, with a triple net (NNN) lease structure.
    • $55 per square foot price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -99.7714724
    Latitude
    32.4491171

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    FAQs

    What type of property is this?
    Lifestyle center - Value-add opportunity, diverse tenants.
    Where is this lifestyle center located?
    The property is located at 248-270 Leggett Dr Abilene, TX.
    What is the asking price?
    The asking price for this property is $902,550.
    What are key features of this property?
    This property features: $902,550 asking price for a value-add opportunity.; 16,410 square foot retail and office property with 8,196 square feet of net rentable space.; Multi-tenant property with a diversified tenant mix, currently professionally managed.
    Request Owner's contact information
    248-270 Leggett Dr 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
    248-270 Leggett Dr Abilene, TX 79605
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