1200 E Anderson Ln - Medical FOR SALE


Austin, TX 78752
$10,863,750 USD
512-225-1738
1200 E Anderson Ln, Austin, TX for Sale
$10,863,750 USD
Medical - FOR SALE
1/8
null | Request Cap Rate

1200 E Anderson Ln
Austin, TX 78752


HIGHLIGHTS

  • 1200 E Anderson Lane is an 86,910-square-foot office featuring newly approved renovations to upgrade the exterior, landscaping, and common areas.
  • Take advantage of a powerful location: 10 minutes from The Domain, 12 from Downtown, 15 from Round Rock, and 18 from Austin-Bergstrom Int'l Airport.
  • Buyers can lease the space as-is, complete the permitted renovations for higher rents, or redevelop into a multifamily with proposed zoning changes.
  • Within walking distance of Walmart Supercenter, Ziki, Fazoli’s, Qdoba, Luby’s, Mangia La Pasta, Costa Del Sol, and nearly 900 multifamily units.
  • Excellent connectivity near Interstate 35 and Highway 183, under 10 minutes from H-E-B, Gateway, several fitness options, and over 150 restaurants.
  • Available for sale or lease. Inquire now to learn more.

OVERVIEW

Attain a highly connected vantage point in Northeast Austin with this multifaceted opportunity at 1200 E Anderson Lane. This 86,910-square-foot, three-story office sits on a 3.67-acre lot formerly occupied by the Higher Education Coordinating Board. Before that, this property served as Apple’s first office in Austin. Ownership has spent approximately 18 months and $750,000 designing and permitting the renovation of 1200 E Anderson Lane. The proposed renovation is a high-quality and contemporary design by the locally renowned architectural firm Mark Odom Studio. The renovation modernizes the exterior and landscaping while also upgrading the lobby and bathrooms with Class A finishes. The plans are fully approved and permitted, allowing for substantial cost and time savings that will reduce the timeline for new ownership to implement improvements by 12 to 18 months. Site plan approval was received in May 2023, and permits were approved in June 2023. The redesign presents the property as a value-oriented alternative to new construction, providing substantial time savings for new ownership. 1200 E Anderson Lane is less than 1 mile from the Highway 183 and Interstate 35 interchange, placing it approximately 12 minutes from Downtown Austin. Its location off the interstate is highly conducive for easy commutes as sought-after residential hubs like Round Rock, Cedar Park, and Pflugerville can be reached in about 15 minutes. Popular amenity centers are nearby, offering numerous walkable conveniences. The Domain and Gateway are within a 10-minute drive from the property. The area has become an increasingly targeted residential zone as major employers fill out North Austin, with the number of households rising by 30% from 2010 to 2023 within a 3-mile radius.

FOR SALE DETAILS

PRICE

$10,863,750 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

337

LAND DETAILS

LAND ACRES

3.67 AC

LAND SF

159,865 SF

ZONING

LI, Austin

APN/PARCEL ID

361686

ASK ABOUT THIS PROPERTY

512-225-1738

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512-225-1738

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