605 18Th StAustin, TX 78701

Property Details for 605 18Th St

Year built

1902

Construction

WOOD FRAME

Lot size

0.15 AC

Property size (Sq ft)

1,632 SF

Property type

Office buildings

APN

210020504

APU

210020504

Description

Own a piece of Austin history with this 6,400-square-foot creative office building located at 605 W 18th St, Austin, TX 78701. This fee-simple property, built in 1902 and renovated 10 years ago, boasts a Class B designation and is currently vacant, presenting a unique owner-user opportunity. The property features two units, each priced at $650,000, totaling an asking price of $1,300,000. The price per square foot is $203.12. Situated on a 0.146-acre lot, the building comprises one story and offers four parking spaces. The interior features fresh paint and wood floors. The property is zoned CO and is conveniently located in the heart of downtown Austin, within walking distance of the Texas State Capitol, the University of Texas, and the new courthouse. This prime location offers exceptional potential for a variety of businesses, particularly law offices. The building also includes a small efficiency apartment. This is a rare chance to acquire a historic property in a thriving downtown Austin location. Don't miss this exciting investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $468,308

  6.5%

  $432,284

  7%

  $401,407

• Comparable approach

  Method

  Valuation

  Relative Method

  $488,604

  Geo Method

  $488,604

• Alternative Use

  Use

  Valuation

  Residential

  $536,032

  Hospitality

  $491,003

  Educational

  $408,508

  Medical

  $422,558

  Retail

  $635,458

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2811

Longitude

-97.7447

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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