5517 1St St Abilene, TX 79603
- Commercial land
- 7.60 lot acres
Current Use by Public Records
- Commercial land
Property Details for 5517 1St St
- Lot size
- 7.60 lot acres
- Property type
- Commercial land
- APN
- 4000003400
- APU
- 4000003400
Description
This exceptional Abilene, Texas industrial property offers 101,292 square feet on an 11.46-acre lot. The Class B building, renovated in 2021, features seven loading docks, including three dock-high doors, and boasts 15,372 square feet of office space. Currently fully leased to two credit-rated tenants, Tige Boats, Inc., and Anterix Inc., under a multi-tenant lease, this property presents a strong investment opportunity. The property is zoned L-I (Light Industrial) and enjoys a prime location adjacent to Five Points Business Park, offering easy access to Loop 277/Business 20, Interstate 20, and Abilene Regional Airport (within approximately 0.6, 1.6, and 9.0 miles respectively). The sale price is $3,800,000 ($37.50 per square foot), with a 2022 Net Operating Income (NOI) of $186,876.37. This fee-simple ownership opportunity provides a compelling return on investment in a thriving industrial area. The property's strategic location and strong tenancy make it an attractive asset for discerning investors seeking a stable, high-performing industrial portfolio addition. The building's recent renovation ensures modern functionality and efficiency, further enhancing its value and appeal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Abilene
- County
- Taylor
- State
- Texas
- Longitude
- -99.7968
- Latitude
- 32.4544
- CBSA code
- 10180
- CBSA name
- ABILENE, TX METROPOLITAN STATISTICAL AREA
