502 N Willis 38,906 SF Vacant Office Building Abilene, TX 79603 $495,000 ($12.72/SF)
INVESTMENT HIGHLIGHTS
- Ready for Redevelopment | Great Location
- Ample Parking | Rooftop with City Views
- Potential for Multi-Family Property
EXECUTIVE SUMMARY
502 N Willis Street is a versatile 38,900-square-foot building constructed in 1972, featuring a blend of office and retail space on the first floor. The property includes a single-story section and a six-story tower, offering expansive areas suitable for various uses, such as apartments, live/work spaces, or mixed-use developments. With 60 parking spaces and a rooftop boasting panoramic city views, this building is primed for redevelopment to suit a range of commercial or residential purposes.
Nestled in the Westwood Richland neighborhood of Abilene, Texas, 502 N Willis Street offers a prime location with convenient access to key city amenities. Situated along the 1st Street commercial corridor, this property is less than five minutes from the 84/322 Loop and Interstate 20, facilitating easy commutes and connectivity. Additionally, the property is just 10 minutes away from Hendrick Medical Center, one of the city's largest employers, enhancing its appeal for businesses and professionals alike.
Nestled in the Westwood Richland neighborhood of Abilene, Texas, 502 N Willis Street offers a prime location with convenient access to key city amenities. Situated along the 1st Street commercial corridor, this property is less than five minutes from the 84/322 Loop and Interstate 20, facilitating easy commutes and connectivity. Additionally, the property is just 10 minutes away from Hendrick Medical Center, one of the city's largest employers, enhancing its appeal for businesses and professionals alike.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
38,906 SF
Building Class
B
Year Built
1972
Price
$495,000
Price Per SF
$12.72
Percent Leased
Vacant
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
6,484 SF
Building FAR
0.85
Lot Size
1.05 AC
Zoning
Commercial - Commercial zoning.
Parking
60 Spaces (1.54 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
1 of 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 27612 | Improvements Assessment | $258,669 |
| Land Assessment | $52,864 | Total Assessment | $311,533 |
