11620 FM 620 N - Restaurant FOR SALE


Austin, TX 78750
$4,350,000 USD
512-663-3869
11620 FM 620 N, Austin, TX for Sale
$4,350,000 USD
Restaurant - FOR SALE
1/33
null | Request Cap Rate

NEW


11620 FM 620 N
Austin, TX 78750


HIGHLIGHTS

  • ~45,000 VPD - N FM 620 RR
  • ~25,000 VPD Anderson Mill
  • Fully Equipped Kitchen + Existing FF&E
  • 101 Spaces - 16.5 /1,000 (exceptional)
  • The dining areas feature predominately extensive ceiling treatments, including painted and textured drywall ceilings with exposed wood beams, as well

OVERVIEW

This offering presents a rare opportunity to acquire or lease a fully built-out 2nd generation restaurant along the highly trafficked N FM 620 corridor in Northwest Austin, a premier retail and dining corridor supported by strong residential density and national retailers. The property features approximately 6,120 SF on 1.525 acres with 101 parking spaces (16.5/1,000 SF)—an exceptional parking ratio for restaurant use—and direct frontage on FM 620 with exposure to ~45,000 vehicles per day, plus additional traffic from nearby Anderson Mill Road. Previously operated as a full-service restaurant, the asset includes a fully equipped commercial kitchen and existing FF&E, allowing for immediate operational capability. This significantly reduces upfront capital expenditure and eliminates the typical 12–18 month development timeline, making it highly attractive for restaurant operators, franchise groups, or owner-users seeking to enter the market quickly. For investors, the property offers a compelling lease-up opportunity with historically demonstrated income performance (~$240,000 NOI under prior tenancy), combined with long-term upside tied to ongoing infrastructure improvements along the RM 620 corridor. This is a unique opportunity to acquire a high-visibility, turnkey restaurant asset with immediate usability, strong fundamentals, and long-term positioning within one of Austin’s most active retail corridors. The building size is reported as approximately 6,120 SF following a 2017 renovation, which included enhancements and expanded usable areas. CoStar currently reflects 6,018 SF.

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$723 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

101

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,429 SF

ZONING

GB, County

APN/PARCEL ID

R425497

ASK ABOUT THIS PROPERTY

Priscilla KingMallach & CompanyMore Info
512-663-3869

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Priscilla KingMallach & CompanyMore Info
512-663-3869

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