700 Cuernavaca DrAustin, TX 78733

Property Details for 700 Cuernavaca Dr

Year built

1986

Construction

CONCRETE

Lot size

0.44 AC

Property size (Sq ft)

2,040 SF

Property type

Grocery and convenience stores

APN

129360107

APU

129360107

Description

This exceptional 1.93-acre commercial land parcel presents a rare development opportunity in Austin, Texas's affluent West Lake corridor. Located at 700 N Cuernavaca Dr, in the 78733 zip code, this property boasts a prime location with frontage on Cuernavaca Drive, offering convenient access to downtown Austin while maintaining a desirable suburban setting. Currently occupied by a gas station and coffee shop, the site is zoned CS-CO-MU-NP, allowing for diverse commercial development options. The property comprises five parcels totaling approximately 1.93 acres, making it one of the largest available commercial sites in the area. Surrounded by a thriving residential community, with over 8,743 units within a 3-mile radius and an average home price exceeding $686,750, this location offers significant potential for high returns. The area's demographics are highly favorable, with an average household income exceeding $237,320 within a 5-mile radius. This represents a last chance to acquire a development site of this size in this highly sought-after West Austin submarket. The existing tenants provide immediate income potential while allowing for future redevelopment plans. This is a truly unique opportunity to capitalize on the robust growth and high demand in one of Austin's most affluent neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $752,154

  6.5%

  $694,296

  7%

  $644,704

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,539,104

  Geo Method

  $1,539,104

• Alternative Use

  Use

  Valuation

  Residential

  $585,665

  Hospitality

  $536,466

  Educational

  $446,333

  Medical

  $461,683

  Retail

  $694,296

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.3317

Longitude

-97.8693

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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