301 Cypress St
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301 Cypress St
57,538 SF 100% Leased Office Building Abilene, TX 79601 $1,350,000 ($23/SF)
Investment Highlights
- Multiple Executive Offices
- Private Parking Lot | 85 Parking Spaces
- 7 Floors
- Open Floor Plans
- Built in 1923 | Partially Renovated in 2015
Executive Summary
This Downtown Abilene office building boasts a rich historical legacy. Currently in the possession of Hendrick Health, it served as their call center and business services headquarters. However, the recent expansion and streamlining of off-site operations in South Abilene, led to Hendrick Health's disposition of this historic building. Nestled in the heart of Downtown Abilene, this site presents an unparalleled opportunity for the revitalization of an office, multifamily, or mixed-use space. Dating back to its construction in 1923, this architectural gem is brimming with character and offers an array of astounding possibilities at an extraordinary value.
Situated in the vibrant center of Downtown Abilene, this location thrives amidst a bustling urban landscape. Over the past few years, Downtown Abilene has experienced remarkable growth and transformation, culminating in the recent addition of the highly anticipated $88 million Double Tree hotel. This impressive establishment promises to enhance the city's skyline and contribute to the flourishing development of Downtown Abilene.
Situated in the vibrant center of Downtown Abilene, this location thrives amidst a bustling urban landscape. Over the past few years, Downtown Abilene has experienced remarkable growth and transformation, culminating in the recent addition of the highly anticipated $88 million Double Tree hotel. This impressive establishment promises to enhance the city's skyline and contribute to the flourishing development of Downtown Abilene.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
57,538 SF
Building Class
B
Year Built
1923
Price
$1,350,000
Price Per SF
$23
Percent Leased
100%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
8,220 SF
Building FAR
2.06
Lot Size
0.64 AC
Parking
85 Spaces (1.48 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,223,925 | |
| Land Assessment | $222,075 | Total Assessment | $1,446,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$222,075
Improvements Assessment
$1,223,925
Total Assessment
$1,446,000
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301 Cypress St
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