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Investment Highlights
- Downtown-adjacent location within the Abilene CBD
- Strong candidate for adaptive reuse or redevelopment
- CB Zoning – wide range of permitted uses
- Ideal for retail, office, showroom, creative, or service users
Executive Summary
Located just south of downtown Abilene, 218 Elm St offers a classic red brick warehouse with strong character and flexibility for a wide range of commercial uses. Positioned in an area seeing increased interest and reinvestment, the property benefits from proximity to the downtown core while maintaining the functionality of a traditional warehouse-style layout. The building’s interior space is suitable for conversion or continued use as storage, workshop, or service-oriented operations. Its construction and layout are well-suited to adaptive reuse, making it an ideal candidate for users or investors looking to reposition a property with character. Zoned CB (Central Business), the property allows for a broad range of uses including retail, office, showroom, entertainment, and mixed-use concepts. This flexibility, combined with the building’s location and structure, supports a variety of redevelopment or owner-user strategies.
Property Facts
| Price | $439,000 | No. Stories | 1 |
| Price Per SF | $29.86 | Year Built | 1970 |
| Sale Type | Investment or Owner User | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 1.02/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Lot Size | 0.34 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 14,700 SF | Opportunity Zone |
Yes
|
| Zoning | commercial - commercial | ||
| Price | $439,000 |
| Price Per SF | $29.86 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.34 AC |
| Rentable Building Area | 14,700 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Ratio | 1.02/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | commercial - commercial |
Utilities
- Lighting
- Gas
1 1
Fairly walkable
50/100
Moderately drivable
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 31484 | Improvements Assessment | $329,914 |
| Land Assessment | $49,219 | Total Assessment | $379,133 |
Property Taxes
Parcel Number
31484
Land Assessment
$49,219
Improvements Assessment
$329,914
Total Assessment
$379,133
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218 Elm St
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