For Sale
$12,750,000

7616 Interstate HwyAustin, TX 78752

109,336 SF Office, $12.75M

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents two, three-story Class B office buildings totaling 109,336 square feet on a 7.84-acre lot in Austin, Texas. Located at 7616 N Interstate Hwy 35, zip code 78752, this multi-tenant property boasts 487 parking spaces and a desirable NNN lease structure. Built between 1973 and 1975, the buildings offer a strong return on investment at $116.61 per square foot. The property is situated in a designated Opportunity Zone, providing significant tax advantages. Each building is individually platted, allowing for flexible ownership and potential for future individual sales. Currently occupied by a single tenant, this owner/user investment presents a compelling opportunity in a prime Austin location at the intersection of I-35 and Hwy 183. The substantial lot size and strategic location within a thriving area of Austin make this a rare and highly attractive asset. The property offers a stable income stream with the potential for significant future appreciation. This is a unique chance to acquire a well-maintained office complex with considerable upside potential in a rapidly growing market.

Highlights

  • Two Class B office buildings totaling 109,336 square feet on a 7.84-acre lot in Austin, TX.
  • Located at 7616 N Interstate Hwy 35, zip code 78752, with 487 parking spaces and a NNN lease structure.
  • Built in 1973-1975, offering a $116.61/SF price.
  • Situated in an Opportunity Zone, offering tax advantages.
  • Individually platted buildings allow for flexible ownership.
  • Currently occupied by a single tenant; owner-user opportunity.

Property Details for 7616 Interstate Hwy

Property type
Office properties
Square Feet
109,336 SF
Class
B
Year Built
1973
Buildings
2
Stories
3
Lot Size (sq. ft)
341,510 SF

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.338712
Longitude
-97.702637
7616 Interstate Hwy, Austin, Texas

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7616 Interstate Hwy
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