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10400 Menchaca RdAustin, TX 78748

Iconic Austin bar, redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 2.86-acre property in Austin, Texas, presents a unique investment opportunity. Currently housing the established Lustre Pearl South bar, a thriving Texas Ice House with live music, an upscale event space, and a large outdoor area, the property boasts 8,245 square feet of existing improvements. Located on Menchaca Road in South Austin's Entertainment District, this site benefits from its prime location amongst other popular Austin bars. The property's ETJ zoning allows for significant development potential with minimal regulatory hurdles. The sale offers flexibility: purchase free and clear, with a short-term lease, or a long-term lease with the current tenant. This presents a rare chance to acquire a sizable land tract with an immediate income stream in a rapidly growing area of Austin. The 100% occupancy rate ensures a steady return on investment, while the redevelopment potential unlocks future growth opportunities. The property's existing infrastructure, including a well-established bar and ample outdoor space, provides a solid foundation for various development scenarios. This is an ideal investment for those seeking a blend of immediate income and long-term appreciation in a vibrant Austin market. The property is situated in Travis County, Texas, with a zip code of 78748.

Highlights

  • 2.86-acre site in South Austin's Entertainment District, currently operating as Lustre Pearl South.
  • 8,245 SF existing improvements including a bar, event space, and outdoor area.
  • 100% occupancy with a single tenant, Dunlap ATX, an established Austin-based bar operator.
  • Located in Austin's ETJ, offering redevelopment potential with limited development hurdles.
  • Sale options include fee-simple sale, short-term leaseback, or long-term lease with the current tenant.

Property Details for 10400 Menchaca Rd

Property type
Retail properties, Bars
Square Feet
8,245 SF
Lot Size (sq. ft)
124,582 SF

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.1674607
Longitude
-97.8278346
10400 Menchaca Rd, Austin, Texas

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10400 Menchaca Rd
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