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Leggett Office Complex 216 S Leggett Dr 8,422 SF 61% Leased Office Building Abilene, TX 79605 $548,000 ($65.07/SF)
INVESTMENT HIGHLIGHTS
- Value Add Opportunity
- Diversified Tenant Mix
- Excellent Investment Opportunity
- Frontage on S Leggett
EXECUTIVE SUMMARY
Leggett Office Complex.
Income producing property zoned for General Commercial Use. It is located in the Leggett Office Complex with frontage on S Leggett. The area consist of mixed use tenants including professional office and medical users, and various service providers.
The building is approximately 8,422 sf. The approximate area of the lot to be conveyed is 37,026 sf. Additional land may be purchased separately and is subject to offer. Contact agent for additional information.
Seller will consider owner financing. *Seller/Landlord is a Texas Licensed Real Estate Broker.
Income producing property zoned for General Commercial Use. It is located in the Leggett Office Complex with frontage on S Leggett. The area consist of mixed use tenants including professional office and medical users, and various service providers.
The building is approximately 8,422 sf. The approximate area of the lot to be conveyed is 37,026 sf. Additional land may be purchased separately and is subject to offer. Contact agent for additional information.
Seller will consider owner financing. *Seller/Landlord is a Texas Licensed Real Estate Broker.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$60,000
|
$7.12
|
| Other Income |
$10,000
|
$1.19
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$70,000
|
$8.31
|
| Taxes |
$7,000
|
$0.83
|
| Operating Expenses |
$10,000
|
$1.19
|
| Total Expenses |
$17,000
|
$2.02
|
| Net Operating Income |
$53,000
|
$6.29
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $7.12 |
| Other Income | |
|---|---|
| Annual | $10,000 |
| Annual Per SF | $1.19 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $70,000 |
| Annual Per SF | $8.31 |
| Taxes | |
|---|---|
| Annual | $7,000 |
| Annual Per SF | $0.83 |
| Operating Expenses | |
|---|---|
| Annual | $10,000 |
| Annual Per SF | $1.19 |
| Total Expenses | |
|---|---|
| Annual | $17,000 |
| Annual Per SF | $2.02 |
| Net Operating Income | |
|---|---|
| Annual | $53,000 |
| Annual Per SF | $6.29 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
8,422 SF
Building Class
C
Year Built
1956
Price
$548,000
Price Per SF
$65.07
Percent Leased
61%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,422 SF
Building FAR
0.40
Lot Size
0.48 AC
Zoning
GC - Intended to provide a wide range of retailing activities, personal and business services, and other commercial activities.
Parking
40 Spaces (4.75 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 21730 | Total Assessment | $247,000 |
| Land Assessment | $80,976 | Annual Taxes | $7,000 ($0.83/SF) |
| Improvements Assessment | $166,024 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
21730
Land Assessment
$80,976
Improvements Assessment
$166,024
Total Assessment
$247,000
Annual Taxes
$7,000 ($0.83/SF)
Tax Year
2025
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Leggett Office Complex | 216 S Leggett Dr
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