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Walter Tips Bldg 712 Congress Ave 26,313 SF Vacant Office Building Austin, TX 78701 For Sale
INVESTMENT HIGHLIGHTS
- Generational User Opportunity on Iconic Main Street of Austin
- Exceptionally Maintained Building with Historic Designation
- Vertical Redevelopment Potential
- Full Building Available Immediately with Ground Floor Retail
- Iconic and Timeless Architectural Design with Prominent Visibility
EXECUTIVE SUMMARY
Cushman & Wakefield’s Central Texas Capital Markets Team is pleased to present 712 Congress, an exclusive opportunity for potential owner occupants and investors to acquire an exceptionally maintained historic building with a coveted Congress address. The property offers 26,313 square feet of space across three floors and two mezzanine levels. The property is currently vacant offering a unique opportunity for a full building owner occupant to establish a presence and plant a flag along a prominent Congress corridor. The property also presents a blank canvas for investors for a variety of uses and has potential for vertical redevelopment with certain restrictions. 712 Congress is a generational opportunity to acquire an exceptional asset in one of the highest barrier to entry corridors in the country.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
26,313 SF
Building Class
B
Year Built/Renovated
1887/2021
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,332 SF
Building FAR
3.55
Lot Size
0.17 AC
Zoning
CBDH - Central Business District
Historic Designation by the State of Texas Historic Preservation Office
Walk Score®
Walker's Paradise (99)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 194365 | Improvements Assessment | $0 |
| Land Assessment | $5,873,775 | Total Assessment | $5,873,775 |
PROPERTY TAXES
Parcel Number
194365
Land Assessment
$5,873,775
Improvements Assessment
$0
Total Assessment
$5,873,775
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Walter Tips Bldg | 712 Congress Ave
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