UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Hold
Purchase Type For Sale
Square Footage 7,329 sqft
Price per Sqft $1,732
Subdivision Lamar At 19Th
MLS Listing ID 4491057
Year Built 1956
Annual Tax Amount $88,005
Tax Year 2025
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Office
Source actris
Property Description
The freestanding building, with over 7,500 sq. ft. of usable space on a approximately 0.5-acre lot, has undergone a multimillion-dollar renovation, giving it a modern, industrial chic aesthetic suitable for nearly any use. Notable features include a new 2024 solar power system, making it eligible for LEED certification, a state-of-the-art surveillance system, and 24 dedicated parking spaces, including 21 covered spots, a rare amenity in Central Austin.
The current owner is offering a sale-leaseback, presenting a unique advantage for investors by guaranteeing immediate and stable income from a long-term tenant. Beyond the immediate cash flow, the property offers significant future development potential. Prior zoning evaluations from 2021 indicated a potential height of 60+ feet, and the City of Austin has previously approved renderings for a 30,000 sq. ft. commercial project on the site.
With its strategic location and versatile use cases—including a boutique hotel, mixed-use, student housing, medical facilities, or corporate headquarters—this property represents a powerful and strategic investment in Austin's urban core. The owner is motivated and open to considering options, with upgrades, renderings, and negotiable terms available upon request. Owner is ready to make a deal. All offers will be reviewed.
Location
State TX
County Travis
Area Ut
Interior
Heating Active Solar, Central, Electric, Propane, Zoned
Cooling Central Air, Electric, ENERGY STAR Qualified Equipment, Zoned
Flooring Carpet, Concrete, Laminate, Wood
Fireplace N
Exterior
Utilities Available Electricity Connected, High Speed Internet
Accessibility Common Area, Accessible Doors, Accessible Entrance, Accessible Hallway(s), Accessible Kitchen, Visitable, Visitor Bathroom, Accessible Washer/Dryer
Total Parking Spaces 21
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Concrete,Frame
New Construction No
Others
Restrictions Zoning
Acceptable Financing See Remarks, Cash, Contract, Conventional, Lease Back, Lease Purchase
Tax Rate 1.98
Listing Terms See Remarks, Cash, Contract, Conventional, Lease Back, Lease Purchase
Special Listing Condition Standard
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