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1903-1905 Gaston Place 2 Retail Properties Offered at $1,950,000 in Austin, TX
Investment Highlights
- The surrounding area has seen significant investment
- This property benefits greatly from it’s proximity to Mueller Master-planned development
Executive Summary
This single-story building, located in the Windsor Park neighborhood, is within the East Central Austin Opportunity Zone. Currently leased exclusively to a church, which occupies both spaces under a single lease expiring at the end of the year. The landlord retains the right to terminate the lease with 90 days’ notice, providing the new owner flexibility to either negotiate a long-term agreement or reposition the asset entirely. Comprising approximately 5,800 square feet and situated on just under one acre of land, this property represents an ideal value-add retail opportunity or a redevelopment site.
Property Facts
| Price | $1,950,000 | Number of Properties | 2 |
| Price / SF | $336.85 / SF | Individually For Sale | 0 |
| Sale Condition | Redevelopment Project | Total Building Size | 5,789 SF |
| Sale Type | Investment | Total Land Area | 0.76 AC |
| Status | Active |
| Price | $1,950,000 |
| Price / SF | $336.85 / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,789 SF |
| Total Land Area | 0.76 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1905 Gaston Place Dr, Austin, TX 78723 | Retail | 4,600 SF | 1972 | - |
|
Gaston Beauty & Barber
1903 Gaston Place Dr, Austin, TX 78723 |
Retail | 1,189 SF | 1966 | - |
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1903-1905 Gaston Place
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