TBD Old Anson Road new Save Request In-Person Tour Request Virtual Tour
Abilene,TX 79603
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Venugopala Addition
MLS Listing ID 21056832
Lot Size 17.220 Acres
Property Sub-Type Unimproved Land
Property Description
Prime Multifamily Development Land 17.22± Acres in Abilene, TX. Incredible opportunity to acquire 17.22± acres of residential land zoned Multi-Family (MF) in the high-growth Abilene market. Strategically located along I-20 at Old Anson Rd, the property benefits from 37,500+ vehicles per day on I-20 and 25,800+ vehicles per day on Hwy-277, ensuring excellent connectivity.No new apartment construction is scheduled for delivery in Abilene over the next 24 months, creating a rare window for developers to meet pent-up demand. Abilene continues to experience strong rent growth (6.7–9.5% overall; 13% in the premium segment) and is actively encouraging new multifamily development through zoning and infrastructure expansion.The site is adjacent to established residential neighborhoods, governmental facilities, and an operating power substation, with utilities to the property line. The forthcoming TXDOT expansion of I-20 will further enhance access and traffic flow, making this an ideal site for an apartment community, townhomes, or other multifamily product types.
Location
State TX
County Taylor
Zoning Zoned Multi-family, city is open to other uses with submissions of SUP or CUP applications
Exterior
Fence Metal,Pipe
Utilities Available City Water,Concrete,Curbs,Electricity Available,Natural Gas Available,Overhead Utilities
Building
Lot Description Acreage,Adjacent to Greenbelt,Brush,Few Trees,Mesquite,Oak,Undivided
Schools
Elementary Schools Ortiz
Middle Schools Mann
High Schools Abilene
School District Abilene Isd
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21056832