2900 Congress Ave Austin, TX 78704

This exceptional value-add redevelopment opportunity presents a 12,010 square foot, multi-tenant property located at 2900 S Congress Ave, Austin, TX 78704. The property, built in 1984 and renovated in 2007, consists of a single, two-story building situated on a 30,928 square foot lot. Currently boasting 100% occupancy with 15 tenants across 21 units, the property generates a pro-forma NOI of $301,476. The property features 35 parking spaces and is zoned CS (CS-V-CO-NP). This NNN-leased property presents a compelling investment opportunity in a vibrant Austin growth corridor, with its proximity to the under-construction H-E-B South Congress redevelopment promising increased foot traffic and value appreciation. The property's flexible layout accommodates a variety of retail, office, and service concepts. This is a truly unique retail space with a contemporary design, offering excellent visibility and ample parking. The property is classified as a storefront, shopping center, and creative office space. No tenant credit rating is available.