7715 Chevy Chase DrAustin, TX 78752

Property Details for 7715 Chevy Chase Dr

Year built

1973

Construction

CONCRETE

Lot size

3.33 AC

Property size (Sq ft)

51,396 SF

Property type

Office properties

Property subtype

Office buildings

APN

232150114

APU

232150114

Description

This exceptional investment opportunity presents a vacant, 51,868-square-foot Class B office building in Austin, Texas. Located at 7715 Chevy Chase Dr, Austin, TX 78752, this two-story building, constructed in 1973, sits on a 3.33-acre lot and offers 247 parking spaces. The property is ideally situated in Travis County, benefiting from its proximity to major thoroughfares. Priced at $6,050,000 ($116.64/sq ft), this multi-tenant building features a unique architectural design, including full-height atriums. The property's vacant status presents a blank canvas for redevelopment or immediate occupancy. The substantial lot size offers significant potential for future expansion or development. This is a rare opportunity to acquire a sizable office property in a prime Austin location. The building's well-maintained condition and ample parking further enhance its appeal. This is an owner/user investment opportunity with significant upside potential. The property's strategic location near the intersection of I-35 and Hwy 183 provides excellent visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $16,342,907

  6.5%

  $15,085,760

  7%

  $14,008,206

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,387,448

  Geo Method

  $15,387,448

• Alternative Use

  Use

  Valuation

  Residential

  $18,706,342

  Hospitality

  $17,134,910

  Educational

  $14,256,043

  Medical

  $14,746,330

  Retail

  $22,176,068

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.3397

Longitude

-97.7034

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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