Lantern Lane Center
19,707 SF | 33% Leased | Retail Building | Austin, TX 78731 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Retail
- Square Feet
- 19,707 SF
Listing Contacts
Patrick Hill
Verified Profile
- Property Info
Property Overview
Colliers of Austin is pleased to offer 2825 Hancock Drive for sale for the first time in over five decades. The site spans 1.47 acres (64,033 SF) of relatively flat land, nestled at the intersection of the highly sought-after neighborhoods of Highland Park West, Allendale, and Rosedale. The site improvements include 19,707 SF (TCAD) of retail and office space separated into 13 suites, currently occupied by 4 tenants who make up ~32.95% of the building footprint. The site provides tenants with over 70 parking spaces, easily accessible through two curb cuts on Hancock Dr.
The property’s current structure and strategic location make it an ideal opportunity for repositioning or redevelopment, promising substantial returns for visionary stakeholders. Hancock Drive. The site boasts over 295 feet of frontage along Hancock Drive, providing excellent visibility and monument signage for tenants seeking maximum exposure. The site stands alone as the largest single tract of commercial land of this kind currently available in the North Central Submarket.
The property’s current structure and strategic location make it an ideal opportunity for repositioning or redevelopment, promising substantial returns for visionary stakeholders. Hancock Drive. The site boasts over 295 feet of frontage along Hancock Drive, providing excellent visibility and monument signage for tenants seeking maximum exposure. The site stands alone as the largest single tract of commercial land of this kind currently available in the North Central Submarket.
Property Details
- Class
- C
- Year Built/Renovated
- 1967/1978
- Stories
- 1
- Property Subtype
- Storefront Retail/Office, Office Live/Work Unit
- Lot Size (sq. ft)
- 64,033 SF
Highlights
- One of a kind opportunity in the North Central submarket to acquire almost 1.5 acres in one of the most highly sought-after zip codes, 78731
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