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Sweet, Sweet Land Cover Play 2214 S 1st St 752 SF Retail Building Austin, TX 78704 $1,495,000 ($1,988.03/SF)
Investment Highlights
- Location , walkable, near high end developments.
- Rare Downtown Austin Redevelopment Opportunity in the Sought-After South First Street/Bouldin Creek Neighborhood
- More Than 372,311 Residents (Five-Mile Radius) and an Average Household Income of $141,396 (One-Mile Radius)
- The Daytime Population Increases by 81 Percent Due to 675,249 Employees Within a Five-Mile Radius
Executive Summary
One-story free-standing house with 6 parking spots on the back. Front entry and back ramp. Bathroom and kitchen. Great location with several brand new mixed-used projects in progress nearby. Fully permitted for food services, coffee shop etc., grease tarp present. Heavy day-time foot traffic. High net worth clientele. Amazing location with views of downtown. Great for owner/user or investor, also, great redevelopment opportunity in the long term. A mixed-used large development was just completed access the street and 5 other huge mixed-used developments in the works with completion dates in the next 1-2 years. Perfect spot for retail, office or drive in coffee , donuts, ice-cream, juice shop, Boba tea, etc.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$61,040
|
$81.17
|
| Other Income |
$19,525
|
$25.96
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$80,565
|
$107.13
|
| Taxes |
$15,549
|
$20.68
|
| Operating Expenses |
$787
|
$1.05
|
| Total Expenses |
$16,336
|
$21.72
|
| Net Operating Income |
$64,229
|
$85.41
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $61,040 |
| Annual Per SF | $81.17 |
| Other Income | |
|---|---|
| Annual | $19,525 |
| Annual Per SF | $25.96 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $80,565 |
| Annual Per SF | $107.13 |
| Taxes | |
|---|---|
| Annual | $15,549 |
| Annual Per SF | $20.68 |
| Operating Expenses | |
|---|---|
| Annual | $787 |
| Annual Per SF | $1.05 |
| Total Expenses | |
|---|---|
| Annual | $16,336 |
| Annual Per SF | $21.72 |
| Net Operating Income | |
|---|---|
| Annual | $64,229 |
| Annual Per SF | $85.41 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
752 SF
Building Class
C
Year Built
1973
Price
$1,495,000
Price Per SF
$1,988.03
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.12 AC
Zoning
MU-Mixed Use - CS - Zoned, general commercial. Perfect spot for retail, office or drive through restaurant. Huge redevelopment potential.
Parking
5 Spaces (6.65 Spaces per 1,000 SF Leased)
Frontage
70’ on S 1st St
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- HEB
- Retailer
- -
- -
- -
- Phoebe's Diner
- Retailer
- -
- -
- -
- Starbucks
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| HEB | Retailer | - | - | - | ||
| Phoebe's Diner | Retailer | - | - | - | ||
| Starbucks | Retailer | - | - | - |
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 303817 | Total Assessment | $772,501 |
| Land Assessment | $772,500 | Annual Taxes | $15,549 ($20.68/SF) |
| Improvements Assessment | $1 | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
303817
Land Assessment
$772,500
Improvements Assessment
$1
Total Assessment
$772,501
Annual Taxes
$15,549 ($20.68/SF)
Tax Year
2025 Payable 2026
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Sweet, Sweet Land Cover Play | 2214 S 1st St
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