4315 Congress AveAustin, TX 78745

Property Details for 4315 Congress Ave

Year built

1980

Lot size

1.36 AC

Property size (Sq ft)

254,065 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

412040504

APU

412040504

Description

This exceptional Class A commercial condo, located at 4315 S Congress Ave in Austin, Texas (zip code 78745), offers 3,700 square feet of vacant space ideal for a variety of uses. Permitted zoning is CS-MU-V-NP, allowing for grocery stores, restaurants, and executive offices. Situated in the rapidly developing St. Elmo Arts District, this property benefits from its proximity to over 1,000 new residences slated for completion between 2023 and 2024, adding over 2,500 new residents by 2026. The thriving district boasts a vibrant mix of established businesses, including breweries, coffee shops, and other popular destinations. This prime location presents a unique opportunity, particularly for an urban grocer, given the lack of nearby options (the nearest grocery store is over a mile away). The property includes a 1,073 square foot covered patio, adding significant outdoor space. This is a rare chance to establish a presence in a burgeoning Austin neighborhood experiencing substantial residential growth and increased foot traffic. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $105,981,464

  6.5%

  $97,829,048

  7%

  $90,841,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $117,900,008

  Geo Method

  $117,900,008

• Alternative Use

  Use

  Valuation

  Residential

  $97,829,048

  Hospitality

  $89,610,880

  Educational

  $74,555,200

  Medical

  $77,119,264

  Retail

  $115,974,752

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2191

Longitude

-97.7655

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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