505 E 7th St | Austin, TX 78701
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- LoopNet Team
505 E 7th St
Austin, TX 78701
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Below-Market Lease: Secured during the pandemic, the current lease is only $43,512 base yearly rent NNN, with 4% annual increases until 12/31/2030
- Prime Redevelopment Opportunity: Perfect for an end-user or developer looking to capitalize on Austin’s explosive growth.
- Unmatched Upside: Acquire today at a steep discount and benefit from future value appreciation as the lease nears its end.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
6,361 SF
Building Class
C
Year Built
1961
Tenancy
Single
Building Height
2 Stories
Building FAR
1.04
Lot Size
0.14 AC
Zoning
CBD - Redevelopment potential with huge upside.
The E 7th St area has several lots ready to be developed.
Market rent at $40 to $45 per foot NNN
Frontage
AMENITIES
- Tenant Controlled HVAC
- Accent Lighting
- Recessed Lighting
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 194581 | Improvements Assessment | $0 |
| Land Assessment | $1,450,000 | Total Assessment | $1,450,000 |
PROPERTY TAXES
Parcel Number
194581
Land Assessment
$1,450,000
Improvements Assessment
$0
Total Assessment
$1,450,000
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