5812 Manor RdAustin, TX 78723

  • Retail properties
  • 2,436 SF
For Sale
$800,000 View listing

Property Details for 5812 Manor Rd

Year built
1938
Lot size
0.22 AC
Property size (Sq ft)
2,436 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This exceptional Austin, Texas commercial property presents a compelling investment opportunity. Located at 5812 Manor Rd, Austin, TX 78723, this fee-simple property boasts a prime corner lot (0.216 acres) with CS-MU-V zoning, offering significant flexibility for redevelopment or continued operation as an auto shop. The property comprises two single-story buildings totaling 2,436 square feet of net rentable space, currently 100% occupied by a long-term tenant (over 10 years) generating a net operating income (NOI) exceeding $50,000. The asking price is $800,000, representing a compelling 6.26% cap rate. Built in 1938, the property benefits from an existing curb cut and a highly visible location across from a fast-food restaurant. The gross lease structure provides a stable income stream, with the current tenant open to remaining or vacating to facilitate redevelopment plans. This value-add opportunity allows for various uses within the permitted zoning, making it an attractive investment in a rapidly growing area. The property's strong cash flow and redevelopment potential make it an ideal asset for investors seeking both immediate return and long-term appreciation. The current tenant's long-term presence provides a stable income stream, while the zoning allows for a variety of future uses.

5812 Manor Rd, Austin, Texas

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.3063
Longitude
-97.6801

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