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Angus Square 11689 Research Blvd 10,500 SF 30% Leased Retail Building Austin, TX 78759 For Sale
Investment Highlights
- ±1.18-Acre Redevelopment Site: Well-positioned commercial site offering meaningful scale for commercial redevelopment.
- Prominent Research Blvd (HWY 183) Location: High-visibility frontage along a major Northwest Austin commercial corridor with strong accessibility.
- Strong Northwest Austin Trade Area: Located within an established, high-income residential and commercial market with a deep customer base.
- ±10,500 SF Existing Retail Improvements: Existing improvements provide an opportunity for near-term value creation through renovation, leasing, and te
- Multiple Value-Creation Strategies: Flexibility to pursue a complete redevelopment, reposition the existing center, or implement a phased investment s
- Additional Assemblage Potential: Opportunity to explore adjacent property assemblage, potentially increasing site size and enhancing long-term redevel
Executive Summary
Sayers Real Estate Advisors is pleased to present the opportunity to acquire 11689 Research Blvd, an approximately 1.18-acre redevelopment opportunity located in a well-established Northwest Austin commercial corridor. The property is improved with approximately 10,500 SF of existing retail space and offers an attractive opportunity to pursue either a complete redevelopment of the site or a value-add strategy. The combination of a well-located commercial site, existing retail improvements, and future redevelopment potential provides an investor with multiple avenues to create value.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
B
Year Built
1977
Percent Leased
30%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.18 AC
Zoning
GR
Parking
60 Spaces (5.71 Spaces per 1,000 SF Leased)
Frontage
329’ on Research Blvd
Amenities
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 475264 | Improvements Assessment | $136,179 |
| Land Assessment | $1,352,349 | Total Assessment | $1,488,528 |
Property Taxes
Parcel Number
475264
Land Assessment
$1,352,349
Improvements Assessment
$136,179
Total Assessment
$1,488,528
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