Unique opportunity to acquire two contiguous lots, 2448 So. 1st and 2508 So. 1st, Combined area of both lots is approx 14,583 square feet, improved with an operating restaurant, including land, building, and all associated FF&E. The business has successfully operated at this location for over 25 years, reflecting long-term stability and market presence. Situated just over two miles from Downtown Austin in the highly sought-after 78704 area, the property has been well-maintained. A successfully negotiated sales contract might allow the Buyer to have a strong reliable restaurant tenant while Buyer goes thru the process of redevelopment, should that be the future use of the property.
There is much more value in the land than as an operating restaurant.
The Value and emphasizes should focus on the land value and zoning. Location and Zoning makes this property ideal. Currently zoned, CS-V, VMU overlay, ETOD location, Density Bonus opportunities, South First St frontage, Existing incoe-producing restaurant & improvements.