1903 Gaston Place DrAustin, TX 78723

Property Details for 1903 Gaston Place Dr

Year built

1966

Construction

CONCRETE

Lot size

0.24 AC

Property size (Sq ft)

1,044 SF

Property type

Retail properties

Property subtype

Retail space

APN

222171324

APU

222171324

Description

This exceptional 5,789 square foot freestanding commercial building presents a unique investment opportunity in Austin, Texas' desirable Windsor Park neighborhood. Situated on a 0.757-acre lot, the property boasts 100% occupancy across three tenants. The versatile zoning (GR-MU-V-CO-NP) allows for a variety of uses, currently operating as a daycare/nursery, medical office, and religious/church space. The building's single structure design offers efficient management and potential for future expansion or redevelopment. Ample parking is available on-site, catering to the needs of all tenants and visitors. This owner-user investment is ideal for those seeking a stable, multi-tenant income stream with significant upside potential. The property's prime location in Windsor Park provides excellent visibility and accessibility, making it an attractive destination for businesses and clientele alike. The building's current configuration and zoning flexibility offer a diverse range of possibilities for future use and adaptation to evolving market demands. This is a rare opportunity to acquire a well-maintained, fully occupied commercial property in a highly sought-after Austin neighborhood. The property's strong tenant base and favorable location contribute to its exceptional investment value. Serious inquiries are encouraged to explore this compelling opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $298,585

  6.5%

  $275,617

  7%

  $255,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $787,659

  Geo Method

  $787,659

• Alternative Use

  Use

  Valuation

  Residential

  $232,493

  Hospitality

  $212,962

  Educational

  $177,182

  Medical

  $183,276

  Retail

  $275,617

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.313

Longitude

-97.6904

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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