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Holly Kraatz

holly@kraatzrealty.com +1(817) 614-2325

$ 559,000

Est. payment -/mo

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5919 BuffaloGap Road Abilene, TX 79606

3 Beds

2 Baths

0.56 Acres Lot

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Commercial Property On Buffalo Gap

MLS Listing ID 21314780

Bedrooms 3

Full Baths 2

HOA Y/N None

Total Fin. Sqft 2430

Year Built 1966

Annual Tax Amount $10,634

Lot Size 0.558 Acres

Acres 0.558

Property Sub-Type Apartment

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.

Location

State TX

County Taylor

Direction Buffalo Gap just north of Antilley.

Interior

Interior Features Granite Counters, Pantry

Heating Central

Cooling Central Air

Flooring Ceramic Tile, Vinyl

Fireplaces Number 1

Fireplaces Type Electric

Appliance Dishwasher, Microwave

Heat Source Central

Exterior

Fence Wood

Utilities Available City Sewer, City Water

Roof Type Composition

Accessibility Accessible Bath - Half+Hall

Garage No

Building

Lot Description Few Trees, Interior Lot, Lrg. Backyard Grass, Sprinkler System

Story One

Foundation Slab

Level or Stories One

Structure Type Brick

Schools

Elementary Schools Wylie West

High Schools Wylie

School District Wylie Isd, Taylor Co.

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21314780

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Robbie Johnson • Epique Realty LLC

NEARBY SCHOOLS & PROPERTIES

Holly Kraatz

Broker / Owner | License ID: 0607618

+1(817) 614-2325

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Holly Kraatz

5919 BuffaloGap Road Abilene, TX 79606

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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5919 BuffaloGap Road