Investment Overview

Marcus and Millichap is pleased to present the Southwest Dr Development, a 10.15-acre development opportunity, located just South of US-84 highway. The subject property is located at 4709 Southwest Drive in Abilene, Texas, and is situated in a bustling retail corridor featuring numerous national credit tenants. The offering includes a Retail PAD site opportunity, as well as a larger possible Big Box retail development site next to a center featuring ALDI and Kohl's. The city of Abilene, Texas was originally founded in 1881 and is located just 150 miles west of the Dallas/Fort Worth metroplex. Abilene is the center of a 22-county area, otherwise known as the Texas Midwest. Beginning in 1989, the city of Abilene was the first city in Texas to adopt the sales tax for economic development, featuring an organization that leverages one half-cent sales tax as revenue to fund and support the economic development efforts in the Abilene area. Abilene is host to various private and public universities and was recently named the 18th best city to buy a house in America. There are several new development projects in Abilene that have been put in motion for the next three to five years that will create numerous new jobs, such as a new 71,000 square foot Amazon warehouse slated to open in 2022 and the Great Lakes Cheese 286,500 square foot packaging plant, which is slated to be the largest in the nation. Abilene is attracting many new residents, as it has been continually ranked as one of the most affordable places to live in the United States. Overall, the Southwest Dr Development offers an investor or developer the rare opportunity to acquire a well located property slated for immediate development, in an already distinguished retail corridor. The 10.15-acre site is located just off of the United States Highway 84 and is proximate to many national credit retailers. The Planned Development and General Commercial (PD & GC) zoning is favorable for multiple new development uses, allowing for a wide-range of potential options to drive new commerce opportunities in this growing, yet established, submarket.