4505 E Martin Luther King Jr Blvd - Storefront Retail/Office CONDO FOR SALE


Austin, TX 78721- East MLK
$492,500-$985,000 USD
512-961-9084
4505 E Martin Luther King Jr Blvd, Austin, TX for Sale
$492,500-$985,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/51
1,160-2,323 SF | Request Cap Rate

4505 E Martin Luther King Jr Blvd
Austin, TX 78721
East MLK


HIGHLIGHTS

  • High Traffic Area with Frontage on E. MLK Jr.
  • High Visibility
  • Poll signage approval available with purchase of A&B

OVERVIEW

Unit A (end-cap unit) is available for lease at $28/FT + NNN. A recently executed 5-year lease is in place for Unit B. Invest in the future of urban living with this retail condo at Eagle View Place mixed-use development. With two units averaging 1, 160 SF each, these properties offer a flexible investment opportunity with multiple uses, including office, retail, or live/work spaces. Built with accessibility in mind, featuring an ADA-compliant bathroom and water fountain, these units are designed to appeal to a wide range of tenants. The option to combine units A and B for a total of 2, 323 SF provides even more investment potential. Investing in these retail condos provides a chance to capitalize on the growing demand for live/work spaces and to enjoy a higher return compared to traditional commercial or residential properties. With its prime location and desirable features, this investment is poised to yield positive results for years to come. Eagle View Place retail condos are located in the heart of one of the fastest-growing areas in Austin. Located at the corner of East MLK Jr Blvd and Springdale Rd with 30, 000+ daily traffic. This location offers exceptional visibility with ingress and egress off East MLK Jr. and Springdale Rd. This property is 4.1 miles from Downtown Austin (10-minute commute), 7.8 miles to the Austin-Bergstrom International Airport (9-minute commute), and 1 mile from the Mueller Development (3-minute commute). *Seller has COA approval for pole sign off E. MLK Jr. Pole signage available with the purchase of units A & B.

FOR SALE DETAILS

PRICE

$492,500-$985,000 USD

CAP RATE

Request Cap Rate

# OF UNITS

3

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Residential, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

12,875 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

GR/MU/NP

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Johnny DevoraDevora RealtyMore Info
512-961-9084

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Johnny DevoraDevora RealtyMore Info
512-961-9084

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