609 Congress AveAustin, TX 78701

Property Details for 609 Congress Ave

Year built

1920

Construction

CONCRETE

Lot size

0.08 AC

Property size (Sq ft)

4,334 SF

Property type

Retail space

APN

206030703

APU

206030703

Description

This exceptional 4,330-square-foot retail property, located at 609 Congress Ave in Austin, TX, presents a unique investment opportunity. Built in 1920, this two-story Class B building boasts a highly desirable location in the heart of Austin's Central Business District (CBD), zoned CBD/CBD-H. Its prime position on Congress Avenue, adjacent to the Driskill Hotel and near 6th Street, ensures high visibility and significant foot traffic. The property includes a fully equipped second-generation commercial kitchen, ideal for food and beverage businesses. The building offers approximately 4,330 square feet of space, currently configured with retail on the first floor and office space on the second, though adaptable to various uses. The property features two parking spaces and offers stunning downtown views accessible via stairs. Annual property taxes are approximately $8.21 per square foot. The 0.084-acre lot (3,680 square feet) is situated in a vibrant area with high density of daytime employees, tourists, and residents, benefiting from proximity to major employers, attractions, and entertainment venues. This location is perfect for businesses seeking high visibility and access to Austin's bustling downtown scene. The property's APN is 791201. Available July 1, 2025.

• CAP approach

  CAP return

  Valuation

  6%

  $1,828,173

  6.5%

  $1,687,545

  7%

  $1,567,006

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,269,842

  Geo Method

  $3,269,842

• Alternative Use

  Use

  Valuation

  Residential

  $1,423,507

  Hospitality

  $1,303,925

  Educational

  $1,084,850

  Medical

  $1,122,160

  Retail

  $1,687,545

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2683

Longitude

-97.7423

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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