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

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%

  $120,694,000

  6.5%

  $111,410,000

  7%

  $103,452,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $88,995,500

  Geo Method

  $88,995,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $191,203,000

  Retail / Commercial

  $95,078,400

  Mixed-Use / Specialty

  $92,399,700

  Hospitality / Lodging

  $64,744,300

  Office

  $89,413,600

  Institutional / Educational

  $95,222,100

  Multifamily

  $146,591,000

  Automotive / Energy

  $81,619,000

  Parking / Income-Based Land

  $30,477,400

  Restaurant / Food Service

  $43,064,100

  Healthcare / Senior Housing

  $97,153,600

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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