9710 N Lamar Blvd - Restaurant FOR SALE


Austin, TX 78753
$5,750,000 USD
512-671-4663
9710 N Lamar Blvd, Austin, TX for Sale
$5,750,000 USD
Restaurant - FOR SALE
1/22
null | 7.2% Cap Rate

9710 N Lamar Blvd
Austin, TX 78753


HIGHLIGHTS

  • High traffic area only 9 miles from the new Apple Campus off Parmer, 4 miles from Tech Ridge Center.
  • 30 minutes from Austin-Bergstrom International Airport.
  • Fully occupied providing an investor with good income along a growing vertical mixed-use corridor.
  • The property is currently zoned GR-NP which allows a variety of different commercial uses.

OVERVIEW

Est CAP Rate is 7.2%! ASG has been exclusively retained to offer for sale the retail building and 2.47 Acres located at 9710 N Lamar. The property consists of one (1), 10,986 SF building that is currently leased to 2 Tenants (La Ultima Sports Bar and Paris Hookah Lounge). The property also has other tenants that have been here for 1 to 2 years + pay on time (info on request). The site is approximately 3 miles from Q2 Stadium, 4 miles from The Domain, 9 miles from the new Apple Campus off Parmer, 4 miles from Tech Ridge Center, and 9 miles from Downtown Austin. The property is currently zoned GR-NP which allows a variety of different commercial uses and is fully occupied providing an investor with good income along a growing vertical mixed-use corridor. Please call or Text Mike Caputo at 512-825-1667 to set up a viewing or ask any questions.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$523 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

2.47 AC

LAND SF

107,593 SF

ZONING

GR-NP

APN/PARCEL ID

02431701100000

ASK ABOUT THIS PROPERTY

Mike CaputoAustin Summit GroupMore Info
512-671-4663

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Mike CaputoAustin Summit GroupMore Info
512-671-4663

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