512-922-1179
2825 Hancock Dr, Austin, TX for Sale
Storefront Retail/Office - FOR SALE
1/6
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2825 Hancock Dr
Austin, TX 78731
Rosedale


HIGHLIGHTS

  • One of a kind opportunity in the North Central submarket to acquire almost 1.5 acres in one of the most highly sought-after zip codes, 78731

OVERVIEW

Colliers of Austin is pleased to offer 2825 Hancock Drive for sale for the first time in over five decades. The site spans 1.47 acres (64,033 SF) of relatively flat land, nestled at the intersection of the highly sought-after neighborhoods of Highland Park West, Allendale, and Rosedale. The site improvements include 19,707 SF (TCAD) of retail and office space separated into 13 suites, currently occupied by 4 tenants who make up ~32.95% of the building footprint. The site provides tenants with over 70 parking spaces, easily accessible through two curb cuts on Hancock Dr. The property’s current structure and strategic location make it an ideal opportunity for repositioning or redevelopment, promising substantial returns for visionary stakeholders. Hancock Drive. The site boasts over 295 feet of frontage along Hancock Drive, providing excellent visibility and monument signage for tenants seeking maximum exposure. The site stands alone as the largest single tract of commercial land of this kind currently available in the North Central Submarket.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lantern Lane Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

LO

APN/PARCEL ID

124367

ASK ABOUT THIS PROPERTY

Patrick HillColliersMore Info
512-922-1179

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Patrick HillColliersMore Info
512-922-1179

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