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    473 Cypress St Abilene, TX 79601

    For Sale
    $875,000

    Historic Charm, Prime Location, High ROI

    Property size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional two-story office building, located at 473 Cypress Street in Abilene, Texas, presents a unique investment opportunity. Spanning 14,000 square feet on a 0.15-acre lot, this fully leased property boasts a prime location in the heart of Abilene's historic downtown, just steps from the Abilene Convention Center, the First Financial building, and the new DoubleTree by Hilton hotel. Built in 1954, the building retains its historic charm with meticulously maintained features, including iconic terrazzo floors in the common areas. The property offers 24 private offices, two conference rooms, three classrooms, and three breakrooms, along with full-service bathrooms on both floors. Its strategic corner location at Cypress and North 5th streets offers unparalleled visibility and benefits from the city's planned expansion of Cypress Street. Currently fully leased, this property provides immediate income and significant value-add potential for investors seeking to capitalize on Abilene's thriving market. The asking price is $875,000, representing a price per square foot of $62.50. This is a rare chance to acquire a piece of Abilene's rich heritage while enjoying modern functionality and a strong return on investment. The property's zip code is 79601.

    Property Features for 473 Cypress St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    14,000 SF
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1954

    HighLights

    • Prime downtown Abilene location, one block from the Abilene Convention Center, First Financial building, and the new DoubleTree hotel.
    • Fully leased, offering immediate income and value‑add potential in a thriving market.
    • 24 private offices.
    • 2 conference rooms.
    • 3 classrooms and 3 breakrooms.
    • Full‑service bathrooms on both floors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Kiwanis Club of Abilene Volunteer Organization Big Country Soccer ... Soccer Club Texas EMS School Training Centre EMOT Federal Credit ... Federal Credit Union MedCollect Financial Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.7335226
    Latitude
    32.4534817

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    FAQs

    What type of property is this?
    Office Property Space - Historic Charm, Prime Location, High ROI
    Where is this office property space located?
    The property is located at 473 Cypress St Abilene, TX.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Prime downtown Abilene location, one block from the Abilene Convention Center, First Financial building, and the new DoubleTree hotel.; Fully leased, offering immediate income and value-add potential in a thriving market.; 24 private offices.
    (432) 682-2510
    Request Owner's contact information
    473 Cypress St Abilene, TX 79601
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    Abilene, TX 79601
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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
    473 Cypress St Abilene, TX 79601
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