2900 Guadalupe StAustin, TX 78705

Property Details for 2900 Guadalupe St

Year built

1933

Construction

CONCRETE

Lot size

0.15 AC

Property size (Sq ft)

2,827 SF

Property type

Retail space

APN

217021611

APU

217021611

Description

This exceptional Austin retail storefront, located at 2900 Guadalupe St, offers a compelling investment opportunity. The 3,193 square foot building, constructed in 1933 and renovated in 2018, sits on a 0.15-acre lot. Currently leased to Shoe Palace (Nice Kicks), a well-established retailer, the property boasts a strong net operating income (NOI) of $222,891. The asking price is $3,000,000. Situated on Guadalupe Street, near the University of Texas at Austin, this location benefits from high foot traffic and convenient access to major roadways like IH-35 and Mopac Expressway. The property's prime location in a thriving Austin neighborhood, coupled with the tenant's strong performance, presents a promising investment with significant future appreciation potential. The area's robust demographics and Austin's continued growth as a tech and cultural hub further enhance the investment's appeal. This is a rare chance to acquire a well-established retail property in a dynamic and desirable location. The building's recent renovation ensures modern functionality and aesthetic appeal. The lease provides a stable income stream, making this an attractive option for investors seeking a secure and profitable investment in the heart of Austin, Texas.

• CAP approach

  CAP return

  Valuation

  6%

  $1,494,144

  6.5%

  $1,379,209

  7%

  $1,280,694

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,132,866

  Geo Method

  $2,132,866

• Alternative Use

  Use

  Valuation

  Residential

  $1,163,415

  Hospitality

  $1,065,682

  Educational

  $886,635

  Medical

  $917,127

  Retail

  $1,379,209

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2957

Longitude

-97.743

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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