The Phillips Building is a historical Creative Office / Retail space in the heart of flourishing downtown Austin, Texas. The 15,267 square foot property was built in 1917, renovated in 2019, and is located on 5th Street. The Phillips Building abuts the Frost Bank Tower, a 33-story class A office building with 525,000 square feet. The Property has ample nearby parking options and offers potential tenants the ability to control and brand their own building in a cost-efficient manner. Located near the intersection of 5th Street & Congress Avenue, and a short walk from restaurants such as Taco Deli, Cava, and Eddie V’s. The Phillips Building provides an alternative to Downtown Austin’s high-rise office space with cool, creative functionality in a historical landmark. The asset benefits from close-in convenience with extremely high visibility and a walking score of 97 Potential uses for the space include casual atmosphere bar/lounge, creative office space/showroom, or high profile retail space. The Property is walking distance to the MetroRail, 6th Street, the Austin Convention Center and many hotels, including the JW Marriott, The Fairmont, Hyatt Place, and the historic Driskill Hotel.