2214 S 1st St - Freestanding FOR SALE


Austin, TX 78704
$1,550,000 USD
512-762-8669
2214 S 1st St, Austin, TX for Sale
$1,550,000 USD
Freestanding - FOR SALE
1/10
null | 3.92% Cap Rate

2214 S 1st St
Austin, TX 78704


HIGHLIGHTS

  • Location , walkable, near high end developments.
  • More Than 372,311 Residents (Five-Mile Radius) and an Average Household Income of $141,396 (One-Mile Radius)
  • Rare Downtown Austin Redevelopment Opportunity in the Sought-After South First Street/Bouldin Creek Neighborhood
  • The Daytime Population Increases by 81 Percent Due to 675,249 Employees Within a Five-Mile Radius

OVERVIEW

One-story free-standing house with 6 parking spots on the back. Front entry and back ramp. Bathroom and kitchen. Great location with several brand new mixed-used projects in progress nearby. Leased on NNN lease with 5.5 years left in the term to Andino Gelato at 4,830/mo base + NNN with a 5% annual base escalation. Heavy day-time foot traffic. High net worth clientele. Amazing location with views of downtown. Great redevelopment opportunity. A mixed-used large development was is about to be completed access the street and 5 other huge mixed-used developments in the works with completion dates in the next 1-2 years. The property next door is also for sale and this property can be redeveloped with a huge upside. The property is fully permited for food services.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$2,061 USD /SF

CAP RATE

3.92%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CS

APN/PARCEL ID

04020310150000

ASK ABOUT THIS PROPERTY

Tony LazarovREsavvy, LLCMore Info
512-762-8669

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Tony LazarovREsavvy, LLCMore Info
512-762-8669

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