2211 Lake Austin BlvdAustin, TX 78703

Property Details for 2211 Lake Austin Blvd

Year built

1923

Construction

WOOD FRAME

Lot size

0.14 AC

Property size (Sq ft)

1,148 SF

Property type

Office buildings

APN

109060209

APU

109060209

Description

This exceptional investment opportunity encompasses two adjacent properties located at 2211 & 2301 Lake Austin Blvd in Austin, Texas, 78703. The combined offering presents 0.28 acres of land with a total buildable square footage ranging from 6,059 to 12,099 square feet. Each lot offers unique zoning possibilities. Lot 1 (2211 Lake Austin Blvd) features 0.14 acres and 6,059 square feet, zoned GO-CO-NP. Lot 2 (2301 Lake Austin Blvd) also comprises 0.14 acres and 6,040 square feet, zoned LR-NP. This prime location in Old West Austin places the properties in close proximity to Lady Bird Lake, Deep Eddy, Pease Park, Zilker Park, Barton Creek, and the Town Lake hike and bike trail, as well as downtown Austin. The area's vibrant atmosphere attracts a desirable demographic of young singles, couples, and families seeking dining, shopping, nightlife, and access to nature. The properties are currently vacant, presenting a unique chance to develop and capitalize on the high demand for commercial space in this sought-after Austin neighborhood. The asking price for this combined offering is $3,900,000. The lease type is Net Net (NN). This is a truly remarkable opportunity to acquire a significant piece of Austin's thriving commercial real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $412,754

  6.5%

  $381,004

  7%

  $353,789

• Comparable approach

  Method

  Valuation

  Relative Method

  $343,700

  Geo Method

  $343,700

• Alternative Use

  Use

  Valuation

  Residential

  $472,444

  Hospitality

  $432,756

  Educational

  $360,048

  Medical

  $372,431

  Retail

  $560,075

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2773

Longitude

-97.7717

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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