2406 Rosewood AveAustin, TX 78702

This exceptional mixed-use redevelopment opportunity presents a unique chance to acquire a substantial 43,289 square foot property situated on a generous 3.152-acre lot in Austin, Texas. Located at 2406 Rosewood Ave, in the desirable 78702 zip code, this property boasts a prime location near St. David's Hospital and Medical Center, offering easy access to downtown Austin, the airport, and thriving surrounding neighborhoods. The existing structure, a two-story building constructed in 1936 and renovated in 2004, currently operates at 100% occupancy. The property is zoned CS-MU-CO-NP, SF-3-NP, allowing for a wide range of development possibilities. Currently utilized as a single-tenant facility, the seller is offering a sale-leaseback arrangement extending until June 15, 2024, providing a seamless transition for the buyer. This presents a compelling investment opportunity in a high-growth market, with significant potential for future development. The property's size and location make it an ideal candidate for a variety of projects, capitalizing on the area's robust economic growth and increasing demand for commercial and residential space. The existing building provides immediate income potential while allowing ample time to plan and execute a comprehensive redevelopment strategy. This is a rare chance to acquire a substantial property in a highly sought-after Austin location.