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- LoopNet Team
8716 Research Blvd
Austin, TX 78758
FAMSA Plaza Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% occupied and anchored by FAMSA Furniture & Appliance
- Adjacent to 112,000-sq ft Grand Central Station anchored by EL RANCHO SUPERMERCADO and BIG LOTS (not a part of this offering)
- High barriers to entry in a highly populated area of Austin, with 325,000+ residents living within a 5-mile radius of the Property
- Only FAMSA Store location in all of Austin (next nearest store is located in San Antonio)
- Frontage and access along Research Boulevard, one of Austin's primary arterials
- Benefits from nearby traffic generators including TARGET, PETSMART, Hong Kong Supermarket, Burnet Middle School, and Navarro High School
PROPERTY FACTS
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
- Monument Signage
ABOUT 8716 RESEARCH BLVD , AUSTIN, TX 78758
Byrne Investment Company is pleased to exclusively offer for sale FAMSA Plaza, a fully leased, 53,228 square foot community shopping center located in Central Austin, Texas. The Property is anchored by FAMSA Furniture & Appliance Store, a Mexico-based retailer with 24 stores in the U.S. and 379 stores in Mexico. The Property was completely renovated in 2009 at a cost of approximately $3,000,000, in order to construct the 33,448-square foot space for FAMSA plus adjacent multi-tenant retail space along the south side. A summary of the renovations include: New Roof New HVAC and ductwork New electrical system Renovations and new additions to plumbing and sewer New glass & aluminum storefront systems for all spaces New fire sprinkler system Exterior walls renovated and painted FAMSA Plaza is located in Central Austin, fronting along Research Boulevard (State Hwy 183) and Ohlen Road. The Property benefits from its proximity to the adjacent Grand Central Station, a 112,000-square foot shopping center anchored by El Rancho Supermercado and Big Lots (not a part of this offering). Additional traffic draws to the immediate area include Target, PetSmart, Hong Kong Supermarket, Burnet Middle School, and Juan Navarro High School.
PROPERTY TAXES
| Parcel Number | 246255 | Improvements Assessment | $1,058,578 |
| Land Assessment | $6,391,422 | Total Assessment | $7,450,000 |
PROPERTY TAXES
