1200 East 11th St - Apartments CONDO FOR SALE


Austin, TX 78702- East Downtown
$496,000 USD
512-338-7833
1200 East 11th St, Austin, TX for Sale
$496,000 USD
Apartments CONDO - FOR SALE
1/6
null | 7.01% Cap Rate

1200 East 11th St
Austin, TX 78702
East Downtown


OVERVIEW

Marcus & Millichap is pleased to offer for sale the retail condominium located at 1200 E 11th Street, Unit 105, Austin, Texas 78702. This 520 SF retail condo is situated in the mixed use East Village development, which was built in 2009. Box Boyz (the Tenant) has occupied the space since 2023 and recently extended their NNN lease until 2030, demonstrating their commitment to the site. BoxBoyz have 4 locations in the Austin area. The rental amount increases yearly, providing a hedge against inflation for a new buyer. Lessee is responsible for taxes, maintenance, utilities, and insurance. Landlord is responsible for maintenance of common areas(bathrooms, entry ways, etc.) The property is situated off the corner of E 11th Street and Lydia Street in the heart of East Austin. The area is extremely walkable and is located near Austin staples such as Quickie Pickie, Paperboy, Hillside Farmacy, Vintage Bookstore, and more. The site is also proximate to Hutson Tillotson University. Nearby growth and demographics are strong - a 15.0 percent population increase was recorded between 2020-2024 with an average household income of $132,651, both within a mere mile of the site. This offering would be an excellent investment opportunity for an investor who is looking for a bite-sized deal to place capital in one of Austin's hottest submarkets via a long-term lease.

FOR SALE DETAILS

PRICE

$496,000 USD

PRICE/SF

$954 USD /SF

CAP RATE

7.01%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The East Village

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

35,760 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

3.59 AC

LAND SF

156,380 SF

ZONING

CS-MU

APN/PARCEL ID

762429,762450

ASK ABOUT THIS PROPERTY

Joseph BlangaMarcus & MillichapMore Info
512-338-7833

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Joseph BlangaMarcus & MillichapMore Info
512-338-7833

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