200 Congress AveAustin, TX 78704

Property Details for 200 Congress Ave

Year built

1954

Construction

CONCRETE

Lot size

0.57 AC

Property size (Sq ft)

7,500 SF

Property type

Office buildings

APN

203000201

APU

203000201

Description

This exceptional investment opportunity presents four retail condominium units totaling 17,647 square feet, located at 200 Congress Avenue in Austin, Texas's desirable Central retail submarket. The property, built in 2010, is situated within the prestigious Austonian luxury residential tower, offering high visibility and foot traffic. Currently boasting 100% occupancy with four established tenants—Fogo de Chao, Mason's Famous Lobster Rolls, Moreland Properties, and Urban Wine + Liquor—this two-story, 0.676-acre property presents a stable and lucrative investment. The property is zoned CBRE-CURE-CO and operates under a NNN lease structure. Its prime location in downtown Austin benefits from a Walk Score of 94, reflecting its pedestrian-friendly environment and proximity to numerous amenities. The strong tenant mix and high occupancy rates, coupled with Austin's thriving market, indicate a promising future for continued growth and rental income. This core investment opportunity offers a rare chance to acquire a highly desirable, fully occupied retail space in one of Austin's most sought-after locations. The property's condominium ownership structure provides additional flexibility and potential for future appreciation.

• CAP approach

  CAP return

  Valuation

  6%

  $2,152,149

  6.5%

  $1,986,599

  7%

  $1,844,699

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,245,425

  Geo Method

  $2,245,425

• Alternative Use

  Use

  Valuation

  Residential

  $2,463,383

  Hospitality

  $2,256,446

  Educational

  $1,877,336

  Medical

  $1,941,901

  Retail

  $2,920,301

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2601

Longitude

-97.7461

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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