1123 E 11th St - Hospitality FOR SALE


Austin, TX 78702- East Downtown
$8,950,000 USD
512-669-6280
1123 E 11th St, Austin, TX for Sale
$8,950,000 USD
Hospitality - FOR SALE
1/45
null | Request Cap Rate

1123 E 11th St
Austin, TX 78702
East Downtown


HIGHLIGHTS

  • Turnkey 15-Room Boutique Hotel – Professionally designed and fully operational with strong occupancy history and 5-star guest reviews.
  • ±3,600 SF Built-Out Restaurant Space – Designer-finished with commercial kitchen, ready for an end-user or passive lease; potential F&B tenant availab
  • Rooftop Lounge with 360° Views of Downtown Austin, Texas State Capitol, UT, and East Austin — ideal for events or future activation.
  • Basement with Back-of-House Facilities – Includes laundry, storage, and staff support areas; elevator access to basement through Level 3.
  • Limited On-Site Parking + Off-Site Overflow – Private parking on-site, with additional off-site parking currently secured — a rare amenity in Central
  • Owner Financing Available – Flexible acquisition options available for qualified buyers.

OVERVIEW

The Frances Modern Inn presents a rare opportunity to acquire a stabilized, design-forward 15-room boutique hotel with significant upside potential in one of Austin’s most desirable urban neighborhoods. This turnkey hospitality asset includes ±3,600 square feet of fully built-out, designer-finished restaurant space, offering immediate potential for an end-user concept or leased F&B income stream. A potential food & beverage tenant is available, providing an excellent opportunity for buyers seeking passive restaurant income without the need to operate in-house. Owner financing may be considered for qualified buyers, offering added flexibility in acquisition structure. Constructed with a modern aesthetic and high-quality materials, The Frances combines architectural appeal with operational efficiency. Each of the 15 guest rooms is thoughtfully designed with clean lines, curated furnishings, and upscale finishes that appeal to today’s experience-driven traveler. The hotel operates on a streamlined model with remote keyless entry, digital check-in, and minimal staffing requirements, keeping overhead low and margins attractive. Strong occupancy history and glowing guest reviews reinforce the property's strong market position. A standout amenity is the rooftop lounge, offering unparalleled 360-degree views of Downtown Austin, the Texas State Capitol, the University of Texas, and East Austin. This unique space creates a premium setting for private events, exclusive guest access, or a future rooftop bar concept. Its skyline views make it a highly marketable feature with strong income-producing potential — a rarity among boutique assets in Austin. The rooftop is accessible via stairs only, adding a sense of exclusivity to the experience. The ±3,600 SF restaurant space on the ground floor is fully equipped with a commercial kitchen, bar, tile floors, designer lighting, and refined millwork. With direct street frontage, strong pedestrian visibility, and excellent access, the space is ideally suited for a chef-driven concept or boutique operator. Zoned for commercial use and supported by both on-site and off-site parking, this restaurant enhances the overall guest experience and presents an additional source of revenue. The property also includes a basement level with back-of-house storage, laundry facilities, and staff support areas — a valuable operational asset for hospitality management. A private elevator serves the basement – Level 3, providing efficient access for staff and improving operational flow. The rooftop is accessible by stairs. Positioned minutes from Downtown, South Congress, East Austin, UT Campus, and major transit corridors, The Frances benefits from year-round demand drivers such as tourism, business travel, UT events, SXSW, ACL, and more. The surrounding area is rapidly evolving, with a growing mix of residential, commercial, and entertainment developments — further enhancing long-term property value and investor appeal. Additional Highlights: ±6,494 SF building on ±0.1647-acre lot (7,173 SF) Newer construction with energy-efficient systems and high-end architectural design Professionally curated interiors with consistent boutique branding Rooftop lounge with panoramic city views and flexible revenue potential Basement with laundry, storage, and back-of-house facilities A private elevator serves the basement – Level 3; rooftop accessible by stairs Streamlined operations with digital check-in and keyless entry Strong OTA ratings and consistent 5-star guest reviews Limited on-site private parking — a rare amenity in Central Austin Additional off-site parking currently in place Commercial zoning with flexibility for future repositioning or redevelopment Walkable to restaurants, retail, and Austin’s premier cultural destinations Potential F&B tenant in place for buyers seeking passive lease income Owner financing available for qualified buyers, subject to terms This is a rare chance to own a high-performing, architecturally distinctive boutique hospitality property with multiple income streams and long-term upside — located in the heart of one of the most dynamic and fastest-growing cities in the U.S. Call Brian Copland (Owner / Agent) with eXp Realty with any questions - 512-576-0288

FOR SALE DETAILS

PRICE

$8,950,000 USD

PRICE/SF

$1,378 USD /SF

# OF ROOMS

15

PRICE/ROOM

$596,667 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Frances Modern Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

2016

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,174 SF

ZONING

CS-1-NCCD-NP

APN/PARCEL ID

778214

ASK ABOUT THIS PROPERTY

James MorenoeXp CommercialMore Info
512-669-6280

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James MorenoeXp CommercialMore Info
512-669-6280

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