189 Locust St Abilene, TX 79602

Property Details for 189 Locust St

Year built

1930

Lot size

0.48 lot acres

Property size

3,040 SF

Property type

Commercial real estate

APN

70100026804

APU

70100026804

Description

This exceptional 5.67-acre commercial land parcel presents a unique redevelopment opportunity in Abilene, Texas's vibrant SoDA district. Located at 189 Locust Street, this property boasts a prime location within an Opportunity Zone, offering significant tax advantages for investors. The site is zoned LI and currently features two existing structures: a 3,040 square-foot Burlington depot and a 3,200 square-foot rail maintenance barn. These buildings could be repurposed or removed to accommodate a new development. The land's strategic position near recently developed mixed-use projects suggests strong potential for similar projects, capitalizing on the growing demand for housing and retail in the area. This is the largest contiguous acreage available in the South Abilene Planning District, providing ample space for a substantial development. The asking price is $1,200,000, translating to a land value of $4.25 per square foot. The property's proximity to the Burlington depot at the corner of Locust and South 2nd Street further enhances its visibility and accessibility. This is an unparalleled chance to acquire a significant piece of Abilene's burgeoning downtown area, offering substantial returns for the right developer. The property's size and location make it ideal for a mixed-use development that complements the existing businesses and residential growth in the neighborhood. This is a rare opportunity to shape the future of Abilene's SoDA district. The zip code is 79602.