Rare Investment Opportunity in the Heart of Austin’s CBD Discover an extraordinary chance to acquire a prime property in the vibrant Central Business District of Austin, TX, at an attractive price point. Spanning 6,361 sq. ft., this property, currently home to the Kingdom Nightclub, offers incredible future potential for investors and developers willing to take a long term view on the property. Key Highlights: Below-Market Lease: Secured during the pandemic, the current lease is only $43,512 base yearly rent NNN, with 4% annual increases until December 31, 2030. Comparable market rents for similar assets are $40-$45 per sq. ft., offering immense upside once the current lease expires. Please call broker for more details on the opportunity. Exceptional Value: Priced at $408/sq. ft., this property is a rare gem in Austin’s CBD. At market rents, the asset would deliver a strong 9% cap rate at the current asking price. Future Potential: While the current lease runs for another six years, this property presents incredible long-term opportunities for redevelopment or repositioning. With the ongoing revitalization of historic 6th Street, this area is poised for significant appreciation. Strategic Location: Situated just one block from the transformative 6th Street revitalization project, this property stands at the forefront of Austin’s growth and cultural evolution. Why This Property? Unmatched Upside: Acquire today at a steep discount and benefit from future value appreciation as the lease nears its end. Prime Redevelopment Opportunity: Perfect for an end-user or developer looking to capitalize on Austin’s explosive growth. Austin CBD Rarity: Properties at this price and location are exceedingly hard to find—seize this opportunity now. Conclusion: While not ideal for immediate owner-occupancy due to the existing lease, this property offers tremendous future cash flow and redevelopment prospects. With 6th Street’s revitalization just around the corner, this is your chance to secure a foothold in one of Austin’s most dynamic neighborhoods at an unbeatable price.