Abilene Shopping Center I

For Sale

3398 North 1st Street, Abilene, TX 79603

This Abilene property for sale is located at 3398 North 1st Street. The current listed sale price for Abilene Shopping Center I is $2,026,126. Abilene Shopping Center I is situated on a lot that is 1.25 acre in size.

Contacts

Eliud Sangabriel, CCIM

SVN | Trinity Advisors

Property Details

  • 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
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
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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

Attachments

Getting around

  • 74/100

    Walk Score ®

  • 50/100

    Bike Score ®

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Location

  • City Abilene, TX
  • Neighborhood Westwood Richland
  • Zip Code 79603

Points of Interest

  • Shell

    0.40 miles

  • Conoco

    0.44 miles

  • Alon

    0.61 miles

  • Allsup's

    0.73 miles

  • H-E-B Fuel

    1.38 miles

  • Tesla Destination

    3.88 miles

  • J1772

    3.89 miles

  • Abilene High School

    0.39 miles

  • Doubletree Parking

    1.64 miles

  • BBVA Compass Parking

    1.76 miles

  • Long John Silver's

    0.23 miles

  • Szechuan

    0.23 miles

  • Grandy's

    0.25 miles

  • McDonald's

    0.26 miles

  • Taco Bueno

    0.30 miles

  • Golden Chick

    0.37 miles

  • Stonewalls Pizza Wings & Things

    0.41 miles

  • Burger King

    0.44 miles

  • Church's Chicken

    0.48 miles

  • Subway

    0.49 miles

  • Batangas Asian Market

    0.21 miles

  • United Supermarkets

    0.56 miles

  • Come and See International Market

    0.69 miles

  • H-E-B

    1.34 miles

  • Walmart Neighborhood Market

    2.06 miles

  • Big Lots

    2.95 miles

  • Natural Grocers

    2.98 miles

  • Ross

    3.04 miles

  • Walmart Supercenter

    3.06 miles

  • TJ Maxx

    3.10 miles

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