401 Congress AveAustin, TX 78701

Property Details for 401 Congress Ave

Year built

2002

Lot size

1.27 AC

Property size (Sq ft)

546,000 SF

Property type

Office properties

Property subtype

Office buildings

APN

205020713

APU

205020713

Description

Frost Tower, located at 401 Congress Ave in Austin, Texas, presents a unique opportunity for fitness-focused businesses. This prime retail space, totaling 73,397 square feet within a vibrant mixed-use development, offers multiple suites available for lease. The building features four total suites, with a minimum divisible space of 17,681 square feet and a maximum contiguous space of 20,354 square feet. Currently, the entire 73,397 square feet is vacant, providing a blank canvas for a large-scale fitness operation or the potential for multiple smaller tenants. The building's location in Travis County, within the 78701 zip code, ensures high visibility and accessibility. Parking is readily available, with a ratio of 2.7 spaces per 1,000 square feet. The Frost Tower is situated in a dynamic Austin neighborhood, offering convenient access to various amenities and a strong customer base. This exceptional property provides an unparalleled opportunity to establish a thriving fitness business in a highly desirable location. The building's existing infrastructure and convenient location make it an ideal space for a variety of fitness concepts. The property's size and layout offer flexibility for customization to meet specific business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $156,676,464

  6.5%

  $144,624,432

  7%

  $134,294,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $163,466,944

  Geo Method

  $163,466,944

• Alternative Use

  Use

  Valuation

  Residential

  $179,334,304

  Hospitality

  $164,269,248

  Educational

  $136,670,096

  Medical

  $141,370,384

  Retail

  $212,597,920

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2664

Longitude

-97.7428

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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