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9710 N Lamar Blvd 10,986 SF 100% Leased Retail Building Austin, TX 78753 $5,750,000 ($523.39/SF) 7.20% Cap Rate
Investment Highlights
- High traffic area only 9 miles from the new Apple Campus off Parmer, 4 miles from Tech Ridge Center.
- Fully occupied providing an investor with good income along a growing vertical mixed-use corridor.
- 30 minutes from Austin-Bergstrom International Airport.
- The property is currently zoned GR-NP which allows a variety of different commercial uses.
Executive Summary
Est CAP Rate is 7.2%! ASG has been exclusively retained to offer for sale the retail building and 2.47 Acres located at 9710 N Lamar. The property consists of one (1), 10,986 SF building that is currently leased to 2 Tenants (La Ultima Sports Bar and Paris Hookah Lounge). The property also has other tenants that have been here for 1 to 2 years + pay on time (info on request). The site is approximately 3 miles from Q2 Stadium, 4 miles from The Domain, 9 miles from the new Apple Campus off Parmer, 4 miles from Tech Ridge Center, and 9 miles from Downtown Austin. The property is currently zoned GR-NP which allows a variety of different commercial uses and is fully occupied providing an investor with good income along a growing vertical mixed-use corridor. Please call or Text Mike Caputo at 512-825-1667 to set up a viewing or ask any questions.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,986 SF
Building Class
B
Year Built
1992
Price
$5,750,000
Price Per SF
$523.39
Cap Rate
7.20%
NOI
$414,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
2.47 AC
Zoning
GR-NP - Commercial
Parking
200 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
242’ on N Lamar Blvd
Amenities
- Dedicated Turn Lane
- Pylon Sign
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 249168 | Improvements Assessment | $991,535 |
| Land Assessment | $2,155,340 | Total Assessment | $3,146,875 |
Property Taxes
Parcel Number
249168
Land Assessment
$2,155,340
Improvements Assessment
$991,535
Total Assessment
$3,146,875
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9710 N Lamar Blvd
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