5700 S Congress Ave - Warehouse FOR SALE


Austin, TX 78745- Sweetbriar
$2,425,000 USD
512-338-7833
5700 S Congress Ave, Austin, TX for Sale
$2,425,000 USD
Warehouse - FOR SALE
1/4
null | Request Cap Rate

5700 S Congress Ave
Austin, TX 78745
Sweetbriar


HIGHLIGHTS

  • Direct Access to South Congress Avenue - Boasting 30,414 VPD
  • New/Recent Apartment Developments - Bexley SOCO, Avana SOCO, Settler Condos, Matador, Sur 512, 44 South, etc.
  • Strong Nearby Growth and Demographics - A 14.6 Percent Population Increase With an Annual Household Income of $88,978, Both Within a Mile of the Site

OVERVIEW

Marcus & Millichap is pleased to offer for sale 5700 S Congress Avenue, Austin, TX. located at 5700 S Congress Avenue, Austin, TX. This 11,310 SF retail/industrial building was built in 1984 and is situated on 0.769 AC. The site includes 20 parking spaces. Presently, Texas Tractor & Lawn Equipment is leasing the property on a month-to-month basis for $5,500/NNN, and have occupied the property since 1999. They are responsible for all expenses except for roof, structure, and the first $5,000 of property taxes. The present zoning on-site is GR-MU-CO-NP, LO-NP (per Austin Property Profile). Presently, there is a ROFR from the tenant to purchase the property. The site offers direct access from South Congress Avenue, boasting 30,414 VPD and secondary access to the rear of the property from Sandra Street. Within the corridor, there are several notable residential and apartment complexes such as Bexley SOCO, Avana SOCO, Settler Condos, Matador, Sur 512, 44 South, and many more. The corridor sports a mix of well known local retailers such as Sagebrush, Custom Sounds, SOCO Pet Lounge, with a mix of national retailers as well (CVS, Benjamin Moore, 7-Eleven, etc). Nearby growth has been strong - a 14.6 percent population increase with an annual household income of $88,978, both within a mile of the site.

FOR SALE DETAILS

PRICE

$2,425,000 USD

PRICE/SF

$213 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

20 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

11

LAND DETAILS

LAND ACRES

2

LAND SF

87,120

ZONING

CS

APN/PARCEL ID

776950

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 Policy.