500 Canyon Ridge DrAustin, TX 78753

Property Details for 500 Canyon Ridge Dr

Year built

2003

Lot size

1.40 AC

Property size (Sq ft)

5,646 SF

Property type

Drive through restaurants

APN

258230207

APU

258230207

Description

Tech Ridge Center, located at 500 Canyon Ridge Drive in Austin, Texas (zip code 78753), offers exceptional retail space in a high-traffic area. This strip center boasts a total of 215,552 square feet and currently has 4,050 square feet available for lease. The property is situated at the intersection of major Austin thoroughfares, including I-35, ensuring high visibility and accessibility. The center features multiple suites, with individual spaces ranging from a minimum of 1,400 square feet to a maximum contiguous space of 2,650 square feet. This makes it ideal for a variety of retail businesses, restaurants, or salons. The property is located in Travis County and benefits from a dense population in the immediate vicinity. The building is comprised of two total suites. This prime Austin location presents a unique opportunity for businesses seeking high visibility and a strong customer base. The available space offers flexibility for businesses of varying sizes, making it an attractive option for both established and emerging enterprises. Contact us today to learn more about this exceptional retail opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,033,330

  6.5%

  $1,876,920

  7%

  $1,742,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,757,970

  Geo Method

  $1,757,970

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,637,000

  Mixed-Use / Specialty

  $1,879,590

  Hospitality / Lodging

  $1,391,190

  Office

  $1,878,180

  Institutional / Educational

  $1,957,360

  Residential Income

  $2,290,110

  Multifamily

  $2,694,730

  Automotive / Energy

  $1,677,740

  Parking / Income-Based Land

  $569,716

  Restaurant / Food Service

  $997,574

  Healthcare / Senior Housing

  $1,917,880

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.4037

Longitude

-97.674

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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