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3700-3708 Jefferson St
Austin, TX 78731
Shops at Jefferson · Retail Property For Sale


Investment Highlights
- Located in the heart of Central Austin
- Value-add retail center
Executive Summary
SRS Capital Markets, National Multi-Tenant Advisory has been exclusively retained to offer qualified investors the unique opportunity to acquire Shops at Jefferson (or the “Property”), a 17,074 SF retail center on 1.27 acres in Central West Austin.
Located in the heart of Central Austin on Jefferson Street, the Property offers immediate access to 35th Street — a primary connector between Central and West Austin. Just minutes from Bryker Woods, Tarrytown, and Rosedale, it sits amid some of the city’s most desirable neighborhoods and within a 1-mile radius of households with an average income exceeding $200K.
Given the infill nature, the Property is one of the few surface parked retail centers as surrounding sites have made way for vertical mixed-use. Nearby economic drivers include Ascension Seton Main Hospital, The Grove mixed use development, and adjacent medical office buildings providing continued daytime traffic to the center.
Currently 49% leased, the Property features one contiguous 8,774 that was recently vacated. In addition to ownership allowing the purchaser to lease-up the vacant space, in-place rents are approximately 65% below market.
Shops at Jefferson offers investors an opportunity to acquire a value-add retail center in the heart of Central Austin well below replacement costs.
Located in the heart of Central Austin on Jefferson Street, the Property offers immediate access to 35th Street — a primary connector between Central and West Austin. Just minutes from Bryker Woods, Tarrytown, and Rosedale, it sits amid some of the city’s most desirable neighborhoods and within a 1-mile radius of households with an average income exceeding $200K.
Given the infill nature, the Property is one of the few surface parked retail centers as surrounding sites have made way for vertical mixed-use. Nearby economic drivers include Ascension Seton Main Hospital, The Grove mixed use development, and adjacent medical office buildings providing continued daytime traffic to the center.
Currently 49% leased, the Property features one contiguous 8,774 that was recently vacated. In addition to ownership allowing the purchaser to lease-up the vacant space, in-place rents are approximately 65% below market.
Shops at Jefferson offers investors an opportunity to acquire a value-add retail center in the heart of Central Austin well below replacement costs.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,074 SF
Building Class
B
Year Built/Renovated
1969/1996
Percent Leased
49%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
1.27 AC
Zoning
CS - CS
Parking
89 Spaces (5.21 Spaces per 1,000 SF Leased)
Frontage
187’ on Jefferson St
Property Taxes
| Parcel Number | 121476 | Improvements Assessment | $1,825,841 |
| Land Assessment | $2,772,700 | Total Assessment | $4,598,541 |
Property Taxes
Parcel Number
121476
Land Assessment
$2,772,700
Improvements Assessment
$1,825,841
Total Assessment
$4,598,541
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