805 32Nd StAustin, TX 78705

Property Details for 805 32Nd St

Year built

1972

Lot size

0.36 AC

Property size (Sq ft)

7,960 SF

Property type

Medical offices

Property subtype

Medical centers

APN

215060819

APU

215060819

Description

This exceptional 4,035-square-foot medical office building, located at 805 E 32nd Street in Austin, Texas, presents a unique investment opportunity. Built in 1992 and extensively renovated in 2019, the property boasts a modern and functional design perfectly suited for a medical practice or professional office. The building features a single-tenant occupancy across two stories, offering ample space for a variety of medical uses. The entire 4,035 square feet is currently vacant, providing immediate occupancy for a new tenant. The convenient location in central Austin offers excellent visibility and accessibility, with easy access to Interstate 35 and St. David's Hospital. A significant advantage is the inclusion of free drive-up parking, enhancing the convenience for both patients and staff. The property's layout is specifically designed to be ideal for a physician group or other professional office seeking a well-maintained and strategically located space in a thriving Austin neighborhood. Situated in Travis County, with a 78705 zip code, this property offers a compelling combination of location, functionality, and modern amenities. The building's recent renovation ensures that it meets the highest standards of modern medical office space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,861,951

  6.5%

  $2,641,801

  7%

  $2,453,101

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,383,144

  Geo Method

  $2,383,144

• Alternative Use

  Use

  Valuation

  Residential

  $3,275,834

  Hospitality

  $3,000,646

  Educational

  $2,496,502

  Medical

  $2,582,361

  Retail

  $3,883,448

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2914

Longitude

-97.7286

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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