One Park Place

26,594 SF | Office Building | Austin, TX 78704 | $7,995,000 ($301/SF)

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $7,995,000

Sale Condition
Build to Suit
Property Type
Office
Square Feet
26,594 SF
Price / Square Foot
$301

Listing Contacts

Brian Bagwell
Brian Bagwell
Verified Profile
Michael Reisor
Michael Reisor
Verified Profile
Alexandra Angelovich
Alexandra Angelovich
Verified Profile
Kelton Finley
Kelton Finley
Verified Profile
  • Property Info

Property Overview

"Where Visibility Meets Opportunity – Your Rare Business Address Awaits", an unmissable presence for brand exposure on a Major high-traffic volume highway in a highly visible location on Ben White Blvd./Highway 71, a Major east-west connectivity corridor in the heart of Austin!
Strategically located in the South Austin Submarket of Austin’s MSA, only a few miles from the pulsating downtown district, vibrant SOCO, the ever-evolving South Lamar District, the anticipated $1B Brodie Oaks Redevelopment project, and being just 8 miles from ABIA, One Park Place is a magnet for businesses keen on tapping into Austin's younger, more affluent, and increasing Gen Z workforce in the 04' zip code, and surrounding area.
This understated, oak-covered lot showcases a 26,594 sq ft office building with over $1.5 million invested in recent upgrades/renovations in an entirely new HVAC system, electrical work throughout, Industrial duct installation, a new Water System Configuration for optimal flow/efficiency, a new roof, interior upgrades, and a brand new BAS system for centralized control. The Seller thoughtfully renovated the building, leaving room for value-add enhancements and easy buildouts utilizing the naturally-illuminated open-concept layout, elevated 10’-12’ ceilings, removal of flooring down to the concrete sub-floor, and favorable floor plans, to easily increase value & cash flow with minimal upfront costs.
The flexibility and adaptability of the blank canvas space in general, and the Limited Office (LO) Zoning designation within the thriving area of 78704 would unquestionably solicit any Owner/Occupant, Medical Office Space utility (right across from the St. David’s South Medical Complex), a Surgery Center/Ambulatory Clinic, any new or existing business seeking massive Brand exposure through high-visibility marketing, an Investor looking for value in a rebounding sector, a multi-tenant play, any business that benefits from the unparalleled building signage opportunity on multiple sides, and even an Adaptive Reuse - Luxury Multi-family Conversion….subject to entitlement work and the necessary changes of course.
Let your brand be part of the skyline, part of the daily commute, and part of the dynamic, booming South Submarket's business narrative.

Property Details

Class
B
Year Built
1982
Stories
4
Property Subtype
Medical, Telecom Hotel/Data Hosting, Office Live/Work Unit
Lot Size (sq. ft)
72,310 SF

Highlights

  • Prime location on Ben White Blvd. in one of the most desirable zip codes just south of Downtown Austin - Extremely high building signage visibility
  • Bldg Signage centrally located b/t N-S connectivity corridors of I-35 & Mopac on Ben White Blvd/Hwy 71 in the heart of the dynamic S. Austin Submarket
  • Just mins from the evolving S. Lamar District, SOCO, the Brodie Oaks Redev., St. David’s S. Med. Complex, ABIA, and the exploding TX-130 thoroughfare
  • $1.5M invested in upgrades/renos on new HVAC sys., Elec. throughout, new Water Sys. Configuration, new roof, Interior enhancements, BAS sys., etc,
  • Floor Layouts left as open concepts for varied potential utility and customization, 10’-12’ ceilings w/ an exposed Indust. look and concrete flooring

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