Shoe Palace (Nice Kicks) 2900 Guadalupe St 6,399 SF 100% Leased Retail Building Austin, TX 78705 $3,000,000 ($468.82/SF) 7.43% Cap Rate
INVESTMENT HIGHLIGHTS
- Situated on the iconic Guadalupe Street (“The Drag”), directly adjacent to the University of Texas at Austin, with 53,864 students
- Strong future appreciation potential as Austin continues its trajectory as a tech and cultural hub.
- Easily accessible from major roadways such as IH-35 & Mopac Expressway, ensuring ease of access for both locals and visitors
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,399 SF
Building Class
C
Year Built
1933
Price
$3,000,000
Price Per SF
$468.82
Cap Rate
7.43%
NOI
$222,891
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.98
Lot Size
0.15 AC
Zoning
CS-CO-NP - CS-CO-NP
Parking
13 Spaces (4.07 Spaces per 1,000 SF Leased)
Frontage
53’ on Guadalupe St
AMENITIES
- Signalized Intersection
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (99)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 211435 | Improvements Assessment | $1,094,571 |
| Land Assessment | $768,000 | Total Assessment | $1,862,571 |
