Barton Ridge Apartments
37 Unit Apartment Building | For Sale | Austin, TX 78704
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Multifamily
- Square Feet
- 20,428 SF
Listing Contacts
Allie Anderson
Verified Profile
Spencer Roy
Verified Profile
- Property Info
Property Overview
Walker & Dunlop Investment Sales ("WDIS") has been exclusively retained to offer qualified investors the opportunity to purchase the fee simple interest in Barton Ridge Apartments (the "Property"). Barton Ridge is a 37 unit garden style community located in the South Lamar District of South Austin's urban submarket. The Property is situated on 0.90 acres at the corner of Kinney Avenue & Collier Street, positioned one block behind the South Lamar throroughfare, adjacent to Lamar Union. Given its irreplaceable location, residents have pedestrian access to South Lamar's abundance of rich dining, retail, and entertainment options. Residents are offered unbeatable access to Lamar Union, a premier mixed-use lifestyle development featuring tenants like Alamo Drafthouse, Shake Shack, and Orange Theory.
Barton Ridge is well-positioned within Austin's southward growth corridor; the corridor has seen explosive levels of development attracted by the neighborhood's long-standing entertainment & dining venues. Institutions, such as Uchi, Odd Duck, Saxon Pub, & Loro are all fronted by the major thoroughfare. Known as one of Austin's most major north-south thoroghfares, Lamar Blvd allows seamless accessibility to the metro's major employment hubs in Downtown Austin & the surrounding areas. Equidistant to Oltofrt Street & Riverside Drive, resident are able to easily navigate to the area's major east-west thoroughfares.
Barton Ridge apartments provides new ownership with the opportunity to inhert a well-maintained asset with a proven value-add strategy. The new sponsor has the opportunity to further add value in the form of revenue enhancement programs, such as covered parking or valet trash; conversely, the urban-core location allows for the potential to condo convert or completely redevelop the site.
Barton Ridge is well-positioned within Austin's southward growth corridor; the corridor has seen explosive levels of development attracted by the neighborhood's long-standing entertainment & dining venues. Institutions, such as Uchi, Odd Duck, Saxon Pub, & Loro are all fronted by the major thoroughfare. Known as one of Austin's most major north-south thoroghfares, Lamar Blvd allows seamless accessibility to the metro's major employment hubs in Downtown Austin & the surrounding areas. Equidistant to Oltofrt Street & Riverside Drive, resident are able to easily navigate to the area's major east-west thoroughfares.
Barton Ridge apartments provides new ownership with the opportunity to inhert a well-maintained asset with a proven value-add strategy. The new sponsor has the opportunity to further add value in the form of revenue enhancement programs, such as covered parking or valet trash; conversely, the urban-core location allows for the potential to condo convert or completely redevelop the site.
Property Details
- Class
- C
- Year Built
- 1973
- Stories
- 2
- Lot Size (sq. ft)
- 42,253 SF
- Units
- 37
Highlights
- Irreplaceable South Central Location
- Prime Redevelopment Opportunity
- Unbeatable Proximity to Major Employers
- Strong Potential For Condo Conversion
Nearby Properties
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