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3814 N 1st St

8,840 SF Retail Building Abilene, TX 79603 $486,200 ($55/SF) 8.32% Cap Rate

Investment Highlights

  • Value Add Opportunity
  • Zoned GC
  • Good Tenant Mix
  • Professionally Managed

Executive Summary

Income producing property zoned for General Commercial use. The area consist of Quick Service Restaurants, Professional Offices, Service Providers, and various retailers.
The building is 8,840 sf +/- with multiple tenants. Tenant mix includes professional offices and service providers.
The lot is approximately 20,996 +/-sf.
Seller will consider owner financing. *Seller/Landlord is a Texas Licensed Real Estate Broker.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,840 SF
Building Class
C
Year Built
1975
Price
$486,200
Price Per SF
$55
Cap Rate
8.32%
NOI
$40,429
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
0.49 AC
Zoning
GC - Intended to provide a wide range of retailing activities, personal and business services, and other commercial activities.
Parking
21 Spaces (2.38 Spaces per 1,000 SF Leased)
Frontage
92 FT on North 1st Street

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • A2
  • 245 SF
  • Office
  • -
  • Now

Single Office

  • A7
  • 665 SF
  • Office/Retail
  • -
  • Now

Office with reception.

  • B-1
  • 1,395-1,789 SF
  • Office/Retail
  • -
  • Now
Space Size Space Use Position Available
A2 245 SF Office - Now
A7 665 SF Office/Retail - Now
B-1 1,395-1,789 SF Office/Retail - Now

A2

Size
245 SF
Space Use
Office
Position
-
Available
Now

A7

Size
665 SF
Space Use
Office/Retail
Position
-
Available
Now

B-1

Size
1,395-1,789 SF
Space Use
Office/Retail
Position
-
Available
Now

A2

Size 245 SF
Space Use Office
Position -
Available Now

Single Office

A7

Size 665 SF
Space Use Office/Retail
Position -
Available Now

Office with reception.

Nearby Major Retailers

Taco Bueno
Sam's Southern Eatery
Buddy's Home Furnishings
Chase Bank
The YMCA
United Supermarkets
CrossFit
Bush's Chicken
Jazzercise
Prosperity Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
72156
Land Assessment
$51,440
Improvements Assessment
$129,560
Total Assessment
$181,000
  • Listing ID: 26328683

  • Date on Market: 8/5/2022

  • Last Updated:

  • Address: 3814 N 1st St, Abilene, TX 79603

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