1612 S Congress Ave 5,280 SF Retail Building Austin, TX 78704 For Sale

1610-1612 S. Congress Avenue is prominently located in the heart of the South Congress Business District, at the northwest corner of South Congress & W. Milton Street. The Property is best known as home to Vespaio Italian Restaurant & Chapulin Cantina. The Buildings are 1935 vintage, one-story, free-standing, masonry, single Tenant occupied, and contain a rentable area of 5,280+/- sq. ft. The Land area totals 13,813+/- sq. ft. or .3171 acre. The two legal lots have a combined frontage of 98.3'+/- along S. Congress Avenue & 1612 S. Congress has 140'+/- of frontage along W. Milton. The Land Area, not covered with buildings, is paved and provides 20+/- off-street parking spaces. An alley runs north/south adjacent to the Property's western perimeter. The Lease with Vespaio & Chapulin Cantina expires April 30, 2025; but the Lease grants Tenant two (2) options to extend the Lease Term to March 31, 2035. The Property is located outside all 500-year flood zones. Developers should further examine whether 1610-1612 S. Congress is a candidate for Austin's Density Bonus 90 zoning program that allows locations along south Congress to extend building heights to 90 feet or seven (7) stories.