5016 Cesar Chavez StAustin, TX 78702

Property Details for 5016 Cesar Chavez St

Year built

1950

Construction

CONCRETE

Lot size

1.34 AC

Property size (Sq ft)

7,458 SF

Property type

Warehouses

APN

201150203

APU

201150203

Description

Discover a prime East Austin redevelopment opportunity encompassing a 1.34-acre lot featuring three existing buildings totaling 10,230 square feet. This exceptional property, located at 5016 E Cesar Chavez St in Austin, Texas (zip code 78702), presents significant potential for various commercial ventures. The site benefits from its strategic location within a rapidly growing area, designated as an opportunity zone. The existing structures offer flexibility, with Building 1 measuring 7,458 square feet, Building 2 at 1,652 square feet, and Building 3 at 1,120 square feet. The property is zoned CS-CO-NP, allowing for a range of uses. The lease type is NNN, and the tenancy is single. Built in 1950, this property offers a unique blend of history and future potential. The expansive lot size and existing buildings provide ample space for creative redevelopment projects, making it an ideal investment for those seeking a high-impact commercial venture in a thriving Austin neighborhood. This is a rare opportunity to acquire a substantial property in a highly desirable location. The property is offered with a month-to-month lease option.

• CAP approach

  CAP return

  Valuation

  6%

  $4,874,380

  6.5%

  $4,499,430

  7%

  $4,178,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,572,560

  Geo Method

  $3,572,560

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,289,350

  Mixed-Use / Specialty

  $2,267,060

  Hospitality / Lodging

  $1,644,870

  Office

  $2,238,870

  Institutional / Educational

  $2,351,780

  Residential Income

  $2,751,580

  Multifamily

  $3,378,440

  Automotive / Energy

  $2,015,810

  Parking / Income-Based Land

  $709,593

  Restaurant / Food Service

  $1,148,950

  Healthcare / Senior Housing

  $2,339,320

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.252

Longitude

-97.6993

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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