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Investment Highlights

  • Fully Built-Out 2nd Generation Restaurant
  • Fully Equipped Kitchen + Existing FF&E
  • Proven Income History (~$240K NOI Prior Tenancy)
  • ~45,000 VPD Exposure on N FM 620 Corridor
  • Exceptional Parking Ratio (16.5 per 1,000 SF)
  • Value-Add Investment with Lease-Up Upside

Executive Summary

Positioned along the highly trafficked RM 620 corridor in Northwest Austin, this fully built-out second-generation restaurant offers immediate functionality for an owner-user and a compelling value-add opportunity for investors.
The property consists of approximately 6,120 square feet situated on 1.525 acres and features 101 parking spaces (16.5 spaces per 1,000 SF)—an exceptional parking ratio for restaurant use. With direct frontage on RM 620 and visibility to approximately ~45,000 vehicles per day, the site benefits from outstanding exposure and accessibility, further enhanced by nearby Anderson Mill Road.
Previously operated as a full-service restaurant, the property includes a commercial kitchen and substantial existing FF&E, significantly reducing the capital investment, permitting, and construction timeline typically required for a new restaurant location. This allows restaurant operators, franchise groups, and owner-users to enter the market more efficiently.
For investors, the property presents multiple value creation strategies, including lease-up to a restaurant operator, repositioning for an alternative commercial use, or long-term redevelopment. The combination of a highly visible signalized location, strong surrounding demographics, and continued growth throughout the RM 620 corridor provides long-term flexibility and investment potential.
Whether acquired by an owner-user seeking an operational restaurant facility or an investor pursuing lease-up and stabilization, the property offers an established commercial location with infrastructure that would be costly and time-consuming to replicate today.

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Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,120 SF
Building Class
C
Year Built/Renovated
2002/2017
Price
$4,350,000
Price Per SF
$710.78
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.53 AC
Zoning
GB, County - General Business (GB) – allows a wide range of retail and restaurant uses
Parking
101 Spaces (16.5 Spaces per 1,000 SF Leased)
Frontage
237’ on N FM 620 RR

Amenities

  • Dedicated Turn Lane
  • Restaurant
  • Security System
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Nearby Major Retailers

CrossFit
PNC Bank
Torchy's Tacos
Starbucks
H-E-B
Chase
HOTWORX
Dream Dinners

Property Taxes

Property Taxes

Parcel Number
R425497
Land Assessment
$2,102,478
Improvements Assessment
$1,284,637
Total Assessment
$3,387,115
  • Listing ID: 40287207

  • Date on Market: 4/24/2026

  • Last Updated:

  • Address: 11620 FM 620 N, Austin, TX 78750

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