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542 Hickory Street

Abilene, TX 79601
  • $1,100,000
  • STATUS: Active
  • ON SITE: 122 Days
  • MLS #: 20497371
$1,100,000
  • 0
    BEDS
  • 0.9
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1959
County:
Area:

School Ratings & Info

Offered by Mitch Barnett of Barnett & Hill: 325-677-3500.

Description

8,500 SF completely renovated office building in downtown Abilene. The property would need to be re-platted to include the main building, the small building on the west side of the property, and the parking lot down to the line in the first image. Approximately 330' x 120' or 0.90 acres of land underneath the building and parking lot. The building features 15 separately leased tenant spaces with only one space available as of 12.19.23. The previous tenant in the vacant space moved out 11.30.23. The small building on the west side of the property is expected to be leased in early 2024. Peacock Patio Bar and the parking lot to the west and south are not for sale. Landlord pays for insurance, taxes and utilities.

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© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices PenFed Realty Texas. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices PenFed Realty Texas are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-03T23:43:32.373.
www.rhodesteamtexas.com/homes/146140182
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542 Hickory Street Abilene, TX 79601

  • Price: $1,100,000
  • Status: Active
  • On Site: 122 Days
  • MLS #: 20497371
0
Beds
0
Baths
0
½ Baths
0.9
Acres
1959
Built
Neighborhood:
OT Abilene
County:
Taylor
Area:
Abilene
Property Description
8,500 SF completely renovated office building in downtown Abilene. The property would need to be re-platted to include the main building, the small building on the west side of the property, and the parking lot down to the line in the first image. Approximately 330' x 120' or 0.90 acres of land underneath the building and parking lot. The building features 15 separately leased tenant spaces with only one space available as of 12.19.23. The previous tenant in the vacant space moved out 11.30.23. The small building on the west side of the property is expected to be leased in early 2024. Peacock Patio Bar and the parking lot to the west and south are not for sale. Landlord pays for insurance, taxes and utilities.
Exterior Features

Construction PlasterStucco Foundation CombinationPillar/Post/PierSlab Lot Dimensions 330'x120' Lot Size Source Owner Parking Or Garage Parking Lot Roof Built-UpMixed

Interior Features

Accessibility Features Accessible Approach with Ramp Ceiling Height 8 to10 Feet Cooling Central Air Flooring Luxury Vinyl Plank Handicap YN Yes Heating Central Sq Ft Gross 8500

Property Features

Alarm Or Security Type Fire AlarmFirewall(s)Security System Leased Building Area Source Owner Building Area Total 8500.00 Building Use Office Construction Status Preowned Gross Annual Expenses 30800.00 Gross Annual Income 141372.00 Insurance Expense 16800 Leaseable Spaces 16 List MLSProvider Abilene Association Of Realtors Multi Zoning No Municipal Utility District No Net Operation Income 110572 Owner Pays All UtilitiesElectricityGasGrounds CareInsuranceSewerTaxesTrash CollectionWater Possession Closing/Funding Property Type Office Tenant Pays None Transaction Includes Land & Improvements Unexempt Taxes 10942 Utilities AlleyCable AvailableCity SewerCity WaterElectricity AvailableElectricity ConnectedIndividual Water Meter Will Subdivide Yes Zoning Central Business

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices PenFed Realty Texas. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices PenFed Realty Texas are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-03T23:43:32.373.
 
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Berkshire Hathaway HomeServices PenFed Realty Texas
3624 Long Prairie Road, Suite 100
Flower Mound TX, 75022
Offered by Mitch Barnett of Barnett & Hill: 325-677-3500.