11007 Ranch Road 2222 | Austin, TX 78730
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- LoopNet Team
11007 Ranch Road 2222
Austin, TX 78730
River Place Office Center · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Location Highlights: “Vacant office gem in one of the nation’s fastest-growing metros”
- Re-development opportunity: Listed at under replacement cost at $340/sf at 6500 sq ft on a 1.48-acre lot
- On one of the busiest thoroughfares in Austin as Ranch Road, 2222 sees 33,478 cars per day while cross street River Place Blvd sees around 10,000 cars
PROPERTY FACTS
Property Type
Building Size
6,578 SF
Building Class
B
Year Built
2014
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
6,000 SF
Building FAR
0.10
Lot Size
1.46 AC
Zoning
GR-CO - General Retail- General Office
Parking
16 Spaces (2.43 Spaces per 1,000 SF Leased)
AMENITIES
- Storage Space
- High Ceilings
- Air Conditioning
ABOUT 11007 RANCH ROAD 2222 , AUSTIN, TX 78730
1. Value add opportunity: Originally a two tenant owner-occupied building that can be repositioned to an income-generating cash cow 2. Texas is an income-tax-free state providing additional value to investors 3. Demographics: Minutes away from Lake Travis, the River Place Business Centre serves as a popular hub for a variety of companies as there are around 25,444 people within a 3-mile radius which will grow by 9% to over 27,000 by 2024
PROPERTY TAXES
| Parcel Number | 827643 | Improvements Assessment | $1,718,396 |
| Land Assessment | $1,081,604 | Total Assessment | $2,800,000 |
PROPERTY TAXES
Parcel Number
827643
Land Assessment
$1,081,604
Improvements Assessment
$1,718,396
Total Assessment
$2,800,000
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