10400 Menchaca RdAustin, TX 78748

Property Details for 10400 Menchaca Rd

Lot size

2.86 AC

Property size (Sq ft)

8,245 SF

Property type

Land

Property subtype

Other retail properties

Description

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.

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.1675

Longitude

-97.8278

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