1823 Fort View Rd - Office FOR SALE


Austin, TX 78704- South Lamar
$2,350,000 USD
512-476-0111
1823 Fort View Rd, Austin, TX for Sale
$2,350,000 USD
Office - FOR SALE
1/9
null | Request Cap Rate

1823 Fort View Rd
Austin, TX 78704
South Lamar


OVERVIEW

Conveniently located in 78704, this stand-alone office building is easily accessible from Lamar, Ben White & Menchaca. As currently configured, the 8,252 square feet (per TCAD) building features 16 office suites which are leased on a triple net basis. A handful of tenants are on “month-to-month” lease terms, which uniquely positions this property for an owner / occupant to acquire and absorb most of the square footage quickly (longest lease term goes through 4/30/25). The 0.509-acre site features Limited Office (LO) Zoning per City of Austin’s Zoning Profile GIS. Parking lot features 28 spaces + 1 handicap which equates to approximately 1:300 parking ratio. Solar panels installed on the roof offset electricity demand. Google Fiber provides data service to the building. Most HVAC units have been replaced over the past decade and have serviced the property’s needs adequately. Since 2019, Seller has made various improvements to the property which include exterior & interior painting, bathroom renovations, lighting upgrades, driveway repair, flooring updates (LVT, tile & carpet), awning replacement, new water fountains, and miscellaneous landscaping needs.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$285 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

LO

APN/PARCEL ID

509273

ASK ABOUT THIS PROPERTY

Trevor DickensBurlington Ventures Inc.More Info
512-476-0111

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Trevor DickensBurlington Ventures Inc.More Info
512-476-0111

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