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$395,000

1315 S 1st St, Abilene, TX, 79602

$513,500 ARVInfo
Under ContractInfo
CommercialInfo
Baths0 Bath
Baths19,260 Sq Ft
RetailRetail
Year BuiltBuilt in 1928

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
FlooringConcrete

Exterior

Lot Size16,248 sqft

Building Information

Year Built1928
Stories3
Roof Type172
Garage Spaces28

Land Information

APN70100055900
Lot Number4-8
SubdivisionOt Abilene
Land UseCommercial
Legal DescriptionOT ABILENE, BLOCK 80, LOT 4-8
Census Tract011700
Assessed Land Value$48,750
Assessed Improvement Value$300,262
Assessment Year2025

About this property

Calling all investors! This Historic three-story brick building with 19,260 square feet is prime for redevelopment & mixed use. The first floor is currently used for retail & has been home to YaYa Gurlz for the past decade. The second & third floors are a blank canvas for urban condos, office space or any number of other creative uses. The building comes with a parking lot with approximately 30 parking spaces. There is warehouse space with an overhead roll up door on the alley side of the property. Located on South 1st near the intersection of Butternut, there is a high traffic count & high visibility. This historic gem is also conveniently located near Downtown Abilene & the SODA District. This property could also be purchased with 1305 South 1st located right next door at the corner of South 1st & Butternut. See listing #21032117 for more details.

Investor Tools

$73,427Estimated Mortgage Balance
$245,437Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$513,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$733/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,208
$318,030
2025
$48,750
$300,262
$349,012
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,208
$318,030

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cynthia H Love
Seller Carryback / Seller Financing / Seller Take-Back
$138,434
No
First
Jan 10, 2008
Oct 2016

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$73,427
$244,603
76%
23%
$830/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Abilene

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1315 S 1st St | Property Details | No Agent List