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1011 Meredith Dr 7,517 SF Vacant Office Building Austin, TX 78748 For Sale

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EXECUTIVE SUMMARY

A two-building professional office property totaling 8,900 RSF in the South Austin submarket near FM 1626 and Menchaca Rd. This location offers convenient access to IH-35 (2 miles) from FM 1626, and a 10 minute drive to Buda, while still being under 25 minutes from Austin's vibrant urban core.
A substantial remodel to the property was just completed in 2025 including new roofing, upgrades to hvac systems, exterior paint and a complete interior remodel to the 2nd floor of the larger. This property is located in the ETJ, which would allow for multiple uses such as office, medical or retail. This would be ideal for an owner-occupant who can occupy all or part the larger building while still receiving rental income from the remaining tenancy. The property currently has existing gross rental income of $145,524 annually at 59% occupancy. There is an immediate opportunity for a tenant to occupy 2,400 RSF on the ground floor, but with all leases having less than 10 months remaining, the buyer could occupy up to 7,517 RSF within a short time frame.
1011 MEREDITH DRIVE:
A 7,517 SF two-story office building with covered parking and direct ground-floor access. The second floor has been fully renovated and is partially leased, while the ground floor is vacant—ideal for an owner-user or lease-up strategy. All current leases expire within 10 months, offering flexibility for full owner occupancy or repositioning.
1009 MEREDITH DRIVE:
A 1,383 SF freestanding building, currently leased to Edward Jones.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,517 SF
Building Class
B
Year Built/Renovated
1985/2025
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,759 SF
Slab To Slab
9’
Building FAR
0.27
Lot Size
0.65 AC
Zoning
None - Outside City Limits within the ETJ
Parking
25 Spaces (3.33 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • 1812 DEV GROUP
  • -
  • -
  • -
  • -
  • City Express
  • Transportation and Warehousing
  • -
  • -
  • -
  • Digital Technology Professionals
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Construction
  • -
  • -
  • -

At Done Right Foundation Repair, they bring over 20 years of experience in providing reliable foundation solutions. Family-owned and committed to quality, they focus on keeping homes and businesses safe across Texas. With a trusted team and a dedication to lasting results, they’re here to ensure your foundation is done right the first time. At Done Right Foundation Repair, they make it easy to protect your home and budget. With flexible financing options, including plans as low as 0% interest, you can get the repairs your foundation needs without financial stress. Plus, they back their work with a straightforward, transferable warranty, ensuring long-term protection and peace of mind. Whether it’s financing or a lasting guarantee, they’re committed to giving you the confidence that your foundation is secure for years to come.

  • Press Junkie P R
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • Therapeutic Body Work of South Austin
  • Services
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
1812 DEV GROUP - - - -
City Express Transportation and Warehousing - - -
Digital Technology Professionals Health Care and Social Assistance - - -
Construction - - -
Press Junkie P R Professional, Scientific, and Technical Services - - -
Therapeutic Body Work of South Austin Services - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 200
  • 1,592 SF
  • Office
  • Partial Build-Out
  • Now

$25-30/SF/Yr Full Service (except internet)

  • 2nd Fl-Ste 11
  • 238 SF
  • Office
  • Partial Build-Out
  • Now

$25-30/SF/Yr Full Service (except internet).

  • 2nd Fl-Ste 12
  • 362 SF
  • Office
  • Partial Build-Out
  • Now

$25-30/SF/Yr Full Service (except internet).

  • 2nd Fl-Ste 14
  • 418 SF
  • Office
  • Partial Build-Out
  • Now

$25-30/SF/Yr Full Service (except internet).

  • 2nd Fl-Ste 5
  • 512 SF
  • Office
  • Partial Build-Out
  • Now

$25-30/SF/Yr Full Service (except internet).

Space Size Space Use Condition Available
1st Fl-Ste 200 1,592 SF Office Partial Build-Out Now
2nd Fl-Ste 11 238 SF Office Partial Build-Out Now
2nd Fl-Ste 12 362 SF Office Partial Build-Out Now
2nd Fl-Ste 14 418 SF Office Partial Build-Out Now
2nd Fl-Ste 5 512 SF Office Partial Build-Out Now

1st Fl-Ste 200

Size
1,592 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste 11

Size
238 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste 12

Size
362 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste 14

Size
418 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste 5

Size
512 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 200

Size 1,592 SF
Space Use Office
Condition Partial Build-Out
Available Now

$25-30/SF/Yr Full Service (except internet)

2nd Fl-Ste 11

Size 238 SF
Space Use Office
Condition Partial Build-Out
Available Now

$25-30/SF/Yr Full Service (except internet).

2nd Fl-Ste 12

Size 362 SF
Space Use Office
Condition Partial Build-Out
Available Now

$25-30/SF/Yr Full Service (except internet).

2nd Fl-Ste 14

Size 418 SF
Space Use Office
Condition Partial Build-Out
Available Now

$25-30/SF/Yr Full Service (except internet).

2nd Fl-Ste 5

Size 512 SF
Space Use Office
Condition Partial Build-Out
Available Now

$25-30/SF/Yr Full Service (except internet).

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
351080
Land Assessment
$229,648
Improvements Assessment
$1,045,352
Total Assessment
$1,275,000
  • Listing ID: 38087329

  • Date on Market: 10/15/2025

  • Last Updated:

  • Address: 1011 Meredith Dr, Austin, TX 78748

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