Rainy Creek Development Listing Details & Market Data

Located on the northeast side of Abilene, TX. This area of Abilene is quickly developing. • Central to Texas, Abilene is in one of the fastest growing cities in the country (1). Directly on I-20, this site is just over two hours west of Dallas/Fort Worth. With a population of 121,512 people, this metropolis continues to thrive thru local resources. Based on the strong economics and availability of work force, many businesses continue to move to Abilene. • The I-20 highway supports transportation by car in Abilene, while the Abilene Regional Airport offers efficient domestic air travel. Major Class I railroad carrier services offer reliable transportation by rail (2). • Abilene’s higher education institutions include 5 key universities: Abilene Christian University, Hardin-Simmons, McMurry, and Texas State Technical College. Also, Texas Tech University Health Sciences Center at Abilene is a top health-focused educational institution (3). • Major business clusters in Abilene include food processing and manufacturing. Major employers include AbiMar Foods, Broadwind Towers, Coca-Cola, Eagle Aviation Services, First Financial Bank shares and Tige Boats (4). • 2021 was a historical year for economic development in Abilene that included seven projects, over $2.6 billion capital investment, and estimated more than $5.7 billion in economic impact (5). • Recently, the DCOA announced that Abilene was recognized as #8 in the country in economic development for populations under 200,000, according to results in annual rankings published by Site Selection Magazine. This recognition marked the first time Abilene ranked in the top 10 in the country since the award’s inception (6).Rainy Creek Development is a new mixed use 33-acre development coming to NE Abilene, TX. The property is available for sale or ground lease and is divisible. There are 8 acres zoned for General Commercial Use and 25 Acres zoned for Multifamily Use. The multifamily site is permitted and shovel ready. The development is accessible by three approved approaches along the frontage road that have been approved by TXDot. It is also accessible from Griffith Rd. Planned TXDot improvements are expected to be completed by 2025. Additionally, there is a 380 Plan with the City of Abilene allowing for permit and impact fees to be waived.Rainy Creek Development is a new mixed use 33-acre development coming to NE Abilene, TX. The property is available for sale or lease and is divisible. There are 8 acres zoned for General Commercial Use and 25 Acres zoned for Multifamily Use. The multifamily site is permitted and shovel ready. The development is accessible by three approved approaches along the frontage road that have been approved by TXDot. It is also accessible from Griffith Rd. Planned TXDot improvements are expected to be completed by 2025. Additionally, there is a 380 Plan with the City of Abilene allowing for permit and impact fees to be waived.