3624 Hills DrAustin, TX 78731

Property Details for 3624 Hills Dr

Property size (Sq ft)

3,088 SF

Property type

Office properties

Property subtype

Medical offices

Description

This Austin office building, located in the highly desirable Northwest Hills area, offers 3,088 square feet of versatile space. Situated on the second floor, it boasts 14 individual offices, a common greeting area, and a kitchen. The property overlooks a beautifully landscaped courtyard featuring a fountain and mature oak trees. The flexible floor plan allows for easy reconfiguration to suit various office needs. Currently, eight units are leased, with six vacant units offering immediate occupancy or leasing potential. The building, constructed in 1982 and renovated that same year, is a Class B property with a gross lease structure and multi-tenant occupancy. One assigned covered parking space is included, with additional uncovered parking available. The property is zoned for commercial use (Condo) and presents an excellent opportunity for owner-users or investors. The asking price is $1,050,000, translating to $340.03 per square foot. The building consists of one two-story structure. Leases are currently in place until August 1, 2024, with a 50% occupancy rate as of June 14, 2024. This prime location is just five minutes from downtown Austin, providing easy access to the city's amenities.

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.353

Longitude

-97.7572

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