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614 E 12th St 614 E 12th St 7,338 SF Office Building Austin, TX 78701 For Sale
INVESTMENT HIGHLIGHTS
- Building features 14 private offices, two bullpens, one conference room, and one board room
- Easy access to Interstate 35
- Well located in one of the fastest growing metros in the country
- Close proximity to Texas State Capital, Waterloo Neighborhood Park, Symphony Square, and the University of Texas
- Frontage along East 12th Street and Sabine Street
- .25 acre site prime for redevelopment in Austin’s Central Business District
EXECUTIVE SUMMARY
This prime development tract situated in the heart of downtown Austin is less than half a mile from the Texas State Capital, Waterloo Park, Dell Seaton Medical Center, and the University of Texas. Eligible for the Downtown Density
Bonus Program, the site allows for a Max Floor Area Ratio of 15:1 and a max height of 400’. The existing 7,338 SF office building is in excellent condition and can continue to be occupied until redevelopment.
Bonus Program, the site allows for a Max Floor Area Ratio of 15:1 and a max height of 400’. The existing 7,338 SF office building is in excellent condition and can continue to be occupied until redevelopment.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
7,338 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,668 SF
Building FAR
0.67
Lot Size
0.25 AC
Zoning
CS - General Commercial Services, more info found here, http://www.austintexas.gov/sites/default/files/files/Planning/zoning_guide.pdf
Parking
21 Spaces (2.86 Spaces per 1,000 SF Leased)
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Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 197039 | Improvements Assessment | $1,165,000 |
| Land Assessment | $5,520,000 | Total Assessment | $6,685,000 |
PROPERTY TAXES
Parcel Number
197039
Land Assessment
$5,520,000
Improvements Assessment
$1,165,000
Total Assessment
$6,685,000
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614 E 12th St | 614 E 12th St
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