What is the asking price for Abilene Shopping Center I?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at Abilene Shopping Center I?

This property is listed as Multi-Tenant.

What is the total size of Abilene Shopping Center I?

The property has a total square footage of 17,570 SF.

When was this property built?

Abilene Shopping Center I was built in 1960.

How many parking spaces are available at Abilene Shopping Center I?

Parking information for the property isn't currently listed. However, other nearby parking options include Abilene High School, located 0.39 miles away , and Doubletree Parking, which is 1.64 miles away.

3398 North 1st Street, Abilene, TX 79603

For Sale $2,026,126
Property Type Retail - Strip
Property Size 17,570 SF
Units 6
Lot Size 1.25 Acre
Property Tenancy Multi-Tenant
Year Built 1960
Year Renovated 2023
Date Updated Jul 1, 2026

Description

Signalized cornerNorth Abilene Retail Corridor Primary Trade Corridor: N. 1st Street is one of Abilene's established commercial corridors. Direct access to I-20. Serves residents north of downtown plus interstate travelers. Nearby Demand Drivers: Hendrick Medical Center Abilene High School Texas Tech Health Sciences Center Abilene Christian University Dyess AFB commuters Downtown employment Retail Synergy Nearby retailers: 7-Eleven Dollar General Harbor Freight O'Reilly United Supermarkets Sonic CVS Walgreens H-E-B McDonald's Transportation Highlight: I-20 access US 83/84 Highway 277 Regional airport Consumer Draw The center serves: Daily commuters Healthcare employees Students Neighborhood residents Service businesses Regional visitors

Highlights

17,570 SF retail center with immediate upside potential
3,588 SF available for lease-up and NOI growth
Approximately 69.4% occupied with stable in-place cash flow
Excellent visibility along N. 1st Street with convenient access to Interstate 20
Extensive recent capital improvements including Class A-style façade, parking lot upgrades, LED lighting, and exterior enhancements
Ideal opportunity for private investors, family offices, and 1031 exchange buyers seeking current income with value-add upside
Incoming restaurant tenant completing build-out, expected to open soon
Located within an established retail corridor surrounded by national and regional retailers
NNN lease structure with tenant reimbursement of operating expenses
Positioned to benefit from the multi-billion-dollar OpenAI "Stargate" AI Data Center investment in Abilene
Projected 9.8% pro forma cap rate upon stabilization
Strong regional economy supported by healthcare, education, military, and technology employment
Value-add neighborhood shopping center in North Abilene