512-236-4613
3700-3708 Jefferson St, Austin, TX for Sale
Storefront Retail/Office - FOR SALE
1/11
null | Request Cap Rate

3700-3708 Jefferson St
Austin, TX 78731
Rosedale


HIGHLIGHTS

  • Located in the heart of Central Austin
  • Value-add retail center

OVERVIEW

SRS Capital Markets, National Multi-Tenant Advisory has been exclusively retained to offer qualified investors the unique opportunity to acquire Shops at Jefferson (or the “Property”), a 17,074 SF retail center on 1.27 acres in Central West Austin. Located in the heart of Central Austin on Jefferson Street, the Property offers immediate access to 35th Street — a primary connector between Central and West Austin. Just minutes from Bryker Woods, Tarrytown, and Rosedale, it sits amid some of the city’s most desirable neighborhoods and within a 1-mile radius of households with an average income exceeding $200K. Given the infill nature, the Property is one of the few surface parked retail centers as surrounding sites have made way for vertical mixed-use. Nearby economic drivers include Ascension Seton Main Hospital, The Grove mixed use development, and adjacent medical office buildings providing continued daytime traffic to the center. Currently 49% leased, the Property features one contiguous 8,774 that was recently vacated. In addition to ownership allowing the purchaser to lease-up the vacant space, in-place rents are approximately 65% below market. Shops at Jefferson offers investors an opportunity to acquire a value-add retail center in the heart of Central Austin well below replacement costs.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops at Jefferson

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,452 SF

ZONING

CS

APN/PARCEL ID

121476

ASK ABOUT THIS PROPERTY

Cathy NaboursSRS Real Estate PartnersMore Info
512-236-4613

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Cathy NaboursSRS Real Estate PartnersMore Info
512-236-4613

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