1022 Payton Gin Rd - Storefront FOR SALE


Austin, TX 78758
$1,807,517 USD
469-988-8672
1022 Payton Gin Rd, Austin, TX for Sale
$1,807,517 USD
Storefront - FOR SALE
1/8
null | 5% Cap Rate

1022 Payton Gin Rd
Austin, TX 78758


HIGHLIGHTS

  • 100% occupied
  • Rent below market rate
  • Value-add property

OVERVIEW

- The property is 7,263 square foot neighborhood services retail center currently 100% leased with well rounded and stable tenant mix. The building sits on approximately 0.854 acres of land and is zoned LR-NP (Neighborhood Commercial-Neighborhood Plan Combining District). - The property is situated on the west side of Payton Gin Road, less than 1,500 feet from intersection of Payton Gin Rd and North Lamar Boulevard, and less than a mile to HWY 183. - The rents are below market rate. - There is opportunity to increase rental income by repositioning tenants.

FOR SALE DETAILS

PRICE

$1,807,517 USD

PRICE/SF

$244 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Payton Gin Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

LR, Austin

APN/PARCEL ID

02411413110000

ASK ABOUT THIS PROPERTY

Cameron MaiTexas Retail Services, LLCMore Info
469-988-8672

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Cameron MaiTexas Retail Services, LLCMore Info
469-988-8672

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.