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817 Airport Blvd 1,684 SF Retail Building Austin, TX 78702 $3,500,000 ($2,078.38/SF)
Investment Highlights
- Positioned on a 1.57-acre lot in East Austin, offering strong redevelopment potential for mixed-use, residential, or storage development.
- Located along Airport Boulevard with approximately 91 feet of frontage and high visibility in a rapidly developing area.
- Features a 1,684-square-foot single-story retail building, currently utilized as a restaurant with existing parking for 16 vehicles.
- Within an Opportunity Zone, presenting potential tax advantages for qualifying investors and developers.
Executive Summary
Do not disturb tenant. 1.57 ACRES. This is a redevelopment opportunity covered land play deal. Restuarant lease month to month and tenant would like to renew. Zoned light industrial per the owner. Based on the area multi-story is possible. Highest and best is multi story residential or storage.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,684 SF
Building Class
C
Year Built
1950
Price
$3,500,000
Price Per SF
$2,078.38
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.57 AC
Opportunity Zone
Yes
Parking
16 Spaces (9.5 Spaces per 1,000 SF Leased)
Frontage
91’ on Airport Blvd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- El Secreto De La Abuela
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| El Secreto De La Abuela | Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 190104 | Improvements Assessment | $45,893 |
| Land Assessment | $4,376,896 | Total Assessment | $4,422,789 |
Property Taxes
Parcel Number
190104
Land Assessment
$4,376,896
Improvements Assessment
$45,893
Total Assessment
$4,422,789
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817 Airport Blvd