South First Street Redevelopment Opportunity
2,914 SF Specialty Building Offered at $1,470,150 in Austin, TX 78704
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,470,150
- Property Type
-
Specialty
- Square Feet
- 2,914 SF
- Price / Square Foot
- $505
Listing Contacts
Vincent Knipp
Verified Profile
Joseph Blanga
Verified Profile
- Property Info
Property Overview
Marcus & Millichap is pleased to present the opportunity to acquire a rare downtown Austin redevelopment opportunity in the sought-after South First Street/Bouldin Creek neighborhood. The property is surrounded by numerous development projects, including a 106-unit condo project with ground-level retail adjacent to the property, a trendy 42-unit apartment community a block away, and the South Congress H-E-B, which is scheduled to open later this year. Located in the heart of the Bouldin Creek neighborhood, the corridor is renowned for hosting some of the city’s best restaurants and bars along South First Street. From Lenoir and Dolce Neve to Seventh Flag and El Primo, the area offers a vibrant culinary scene that attracts both locals and visitors alike.
Property Details
- Class
- C
- Year Built
- 1971
- Stories
- 1
- Lot Size (sq. ft)
- 11,761 SF
Highlights
- Rare Downtown Austin Redevelopment Opportunity in the Sought-After South First Street/Bouldin Creek Neighborhood
- Signalized Hard Corner Location on South First Street and West Live Oak Street; Combined Traffic Counts Exceed 26,308 Vehicles per Day
- More Than 372,311 Residents (Five-Mile Radius) and an Average Household Income of $141,396 (One-Mile Radius)
- Significant Workforce Hub: The Daytime Population Increases by 81 Percent Due to 675,249 Employees Within a Five-Mile Radius
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