1628 S 1st Street
1,000 SF | 100% Leased | Retail Building | Austin, TX 78704 | $2,650,000 ($2,650/SF) | 2.64% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,650,000
- Property Type
-
Retail
- Square Feet
- 1,000 SF
- Price / Square Foot
- $2,650
Listing Contacts
Jack Armstrong
Verified Profile
- Property Info
Property Overview
Rare opportunity to own a part of South 1st Street!
11,000+ daily average traffic count as of 2020,
a mile from downtown.
Rent or owner occupy 1934 Vintage building.
* New affordable housing, height and density incentives via City of Austin! (see City Code).
* City has lifted parking requirements!!! (this enables greater development potential - see City Code for details)
* Huge commercial development potential: CS up to 65' height;
* 95% impervious could allow up to approximately 20,000+/- rentable square feet (with City approval).
* Owner Financing available *
11,000+ daily average traffic count as of 2020,
a mile from downtown.
Rent or owner occupy 1934 Vintage building.
* New affordable housing, height and density incentives via City of Austin! (see City Code).
* City has lifted parking requirements!!! (this enables greater development potential - see City Code for details)
* Huge commercial development potential: CS up to 65' height;
* 95% impervious could allow up to approximately 20,000+/- rentable square feet (with City approval).
* Owner Financing available *
Property Details
- Year Built/Renovated
- 1936/2014
- Stories
- 1
- Property Subtype
- Loft/Creative Space, Office/Residential
- Lot Size (sq. ft)
- 6,534 SF
Highlights
- Prime development location +/- 1 mile South of Downtown Austin *New City Code lifts many restrictions!
- Heavy traffic flow: 11,000+ daily
- Major development up and down South 1st
Nearby Properties
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