5919 Buffalogap Rd, Abilene, TX 79606

$559,000
: 3
BD
: 2
BA

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List Price: $559,000
MLS#: 21314780
Status: ACTIVE
Type: Condo
Subtype: ResidentialIncome
Year Built: 1966
Construction Status: Preowned
Bedrooms: 3
Full Baths: 2
Acres: 0.56
County: Taylor
City: Abilene
Subdivision: Commercial Property on Buffalo Gap
Building Name: Currently A Real Est Off

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Property Description

Rare income-producing investment opportunity in one of Abilene’s high-visibility Buffalo Gap Road locations. Recent appraisal reflected comparable sold properties supporting a value of more than $600,000, making this an exceptional opportunity to acquire a renovated, versatile property at its current price. Just confirmed through the City and waiting for it in writing that this property is located within a Planned Development District, creating a unique opportunity for an investor seeking a residential-style income property, medical or other office, retail location, or other approved use. With its home-like layout and functionality, the property offers projected potential residential rental income of $5,000+ per month to capitalize on Abilene's growing residential demand. Situated near Wylie High School and Fairway Oaks Country Club, this property provides exposure and outstanding long-term potential. Previously used as a home, doctor’s office, clothing store and real estate office, the building has been updated and ready for all of these mentioned. The versatile interior offers an enclosed 2 car garage, 3 private rooms or bedrooms, 2 bathrooms, kitchen, living-style area with fireplace and built-in desk. Updates include interior and exterior paint, new flooring in multiple areas, added can lighting, front exterior lighting, foundation work by Big Country Foundation, roof inspection with minor shingle repairs July 2024, and sprinkler-system repairs. A standout feature is the oversized backyard, offering possible future expansion, additional office space, income-producing units, or potential residential-style development similar to nearby properties, all subject to City approval, zoning, utilities, site plan, permitting, and buyer due diligence. A Jacob Martin site plan of the current property is available for review. Turnkey opportunities with this level of flexibility, visibility, parking, updated condition, and future potential are rare. Agent related to owner.

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