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- LoopNet Team
506 N Congress Ave
Austin, TX 78701
Yarings Building · Office Property For Sale
PROPERTY FACTS
AMENITIES
- Balcony
ABOUT 506 N CONGRESS AVE , AUSTIN, TX 78701
506 Congress (the “Property”), an adaptive mixed-use building totaling 21,776 square feet on the historic Congress Street in Austin, TX. Originally built in 1936, the Property is 100% leased to two office tenants with Broadway National Bank occupying the ground floor retail space. With office and retail rents significantly below market and a short weighted average lease term remaining, investors have the ability to immediately push value via mark-to-market opportunities. 506 Congress’ unrivaled location, valueadd potential, and proximity to Austin’s main demand drivers combine to make it one of the most compelling mixed-use offerings in the United States.
PROPERTY TAXES
| Parcel Number | 194346 | Improvements Assessment | $207,581 |
| Land Assessment | $6,583,200 | Total Assessment | $6,790,781 |
PROPERTY TAXES
