10200 Hwy 290 W - Medical FOR SALE


Austin, TX 78736- Southwest Austin
$2,200,000 USD
512-415-2265
10200 Hwy 290 W, Austin, TX for Sale
$2,200,000 USD
Medical - FOR SALE
1/23
null | Request Cap Rate

10200 Hwy 290 W
Austin, TX 78736
Southwest Austin


HIGHLIGHTS

  • Room for additional buildings to be built
  • Close Proximity to both Austin and Dripping Springs
  • Outside of Austin and Dripping Springs ETJ
  • Perfect for owner/user as their are office available

OVERVIEW

Positioned on 2.78 acres with strong frontage along Highway 290, this investment property offers a compelling opportunity for both owner-users and investors seeking growth potential in the path of development between Austin and Dripping Springs. The site features a well-maintained 4,227 SF two-story office building comprised of 11 individual suites, complemented by a 1,152 SF garage structure that has been converted into 3 Office suites and 1 Garage spot for the owner, located at the rear of the property. Currently operating at approximately 70% occupancy, the asset provides immediate cash flow with additional upside through lease-up and future development. The property also benefits from supplementary income generated through an annual sign lease and ground lease. Located outside the city ETJ, the tract allows flexibility for expansion, with ample room to construct additional buildings to maximize returns in this high-demand corridor.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$405 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Great Visibility and Development Potential

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

2.78 AC

LAND SF

121,097 SF

ZONING

-

APN/PARCEL ID

315528

ASK ABOUT THIS PROPERTY

Scott DavesStanberry RealtorsMore Info
512-415-2265

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Scott DavesStanberry RealtorsMore Info
512-415-2265

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