Property summary
This exceptional 4-acre commercial parcel presents a unique multifamily development opportunity in Abilene, Texas. Situated within the burgeoning South End mixed-use development, this property boasts unparalleled access and infrastructure. The site benefits from its strategic location at the intersection of US HWY 83-84 and FM 707, ensuring high visibility and convenient access for future residents. A newly constructed public road now runs through the development, providing seamless connectivity. Essential utilities, including water and sewer service, are already in place, eliminating significant upfront development costs. Detention facilities are also complete, streamlining the permitting process. The property is zoned PDD (Planned Development District) for multifamily use, allowing for a maximum density of 24 units per acre, as per City of Abilene zoning ordinances. This translates to a potential for up to 96 residential units, making this a highly attractive investment prospect for developers seeking a prime location with established infrastructure and significant development potential. The property's location within a thriving mixed-use development promises a vibrant and convenient living environment for future residents. This is a rare opportunity to acquire a fully serviced, ready-to-develop multifamily site in a rapidly growing area of Abilene.
Property profile
VerifiedCap rate & NOI
Current use
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Landscaping General Contractor
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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