2922 Cesar Chavez StAustin, TX 78702

Property Details for 2922 Cesar Chavez St

Year built

1976

Construction

CONCRETE

Lot size

0.88 AC

Property size (Sq ft)

7,720 SF

Property type

Office buildings

APN

200120507

APU

200120507

Description

This exceptional 7,750-square-foot creative office space is located at 2922 E Cesar Chavez St in Austin, Texas, within Travis County (zip code 78702). The property, built in 1971 and renovated in 2015, features a single-tenant occupancy within a two-story building on a 0.8-acre lot. The space boasts impressive 18.5-foot exposed rafter ceilings, abundant natural light, and numerous windows, creating a bright and airy atmosphere. The layout includes a mezzanine, bullpen area, and excellent conference rooms, all benefiting from natural light. Indoor/outdoor usable space adds to the property's versatility. Ample parking is available with 60 shared on-site spaces, supplemented by street parking. The property shares a back parking lot with Lustre Pearl East. A significant signage/branding opportunity exists for the tenant. The space is adaptable and the owner would consider subdividing the space for multiple tenants (a conceptual three-tenant floor plan is available upon request). This property presents a unique opportunity in a rapidly growing area of Austin.

• CAP approach

  CAP return

  Valuation

  6%

  $2,215,279

  6.5%

  $2,044,873

  7%

  $1,898,811

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,311,291

  Geo Method

  $2,311,291

• Alternative Use

  Use

  Valuation

  Residential

  $2,535,642

  Hospitality

  $2,322,635

  Educational

  $1,932,405

  Medical

  $1,998,863

  Retail

  $3,005,963

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2529

Longitude

-97.7109

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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