500 Canyon Ridge DrAustin, TX 78753

  • Retail properties
  • 5,646 SF
For Lease

Property Details for 500 Canyon Ridge Dr

Year built
2003
Lot size
1.40 AC
Property size (Sq ft)
5,646 SF
Property type
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,639,114
    6.5%
    $2,436,106
    7%
    $2,262,098
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,259,697
    Geo Method
    $4,259,697
  • Alternative Use

    Use
    Valuation
    Residential
    $2,054,946
    Hospitality
    $1,882,320
    Educational
    $1,566,068
    Medical
    $1,619,927
    Retail
    $2,436,106
500 Canyon Ridge Dr, Austin, Texas

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
-
$1,216,800
$2,783,200
$4,000,000
-
$1,216,800
$2,783,200
$4,000,000

FAQs

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