5241 Lamar BlvdAustin, TX 78751

Property Details for 5241 Lamar Blvd

Year built

1951

Construction

CONCRETE

Lot size

0.17 AC

Property size (Sq ft)

1,267 SF

Property type

Retail properties

Property subtype

Retail space

APN

224070307

APU

224070307

Description

This exceptional Austin, Texas retail investment opportunity encompasses two properties at 5237 and 5241 N Lamar Blvd, totaling 17,360 square feet on a 0.4-acre lot. Zoned CS-CO-V-NP, this portfolio presents a compelling redevelopment prospect in a high-traffic area. The combined net rentable space is 3,860 square feet, currently configured as a grocery store, quick-service restaurant, and restaurant. The asking price is $2,900,000, translating to $167.05 per square foot. Located in Travis County, Austin, Texas, zip code 78751, this property offers significant potential for investors seeking a mixed-use or retail development project. The properties are situated in a vibrant commercial corridor with high visibility and accessibility, making them ideal for a variety of retail uses. This is a rare opportunity to acquire a well-positioned portfolio in a rapidly growing market. The existing structures provide a solid foundation for redevelopment, allowing for customization to suit a wide range of business needs. Detailed property information and financial projections are available upon request. This is a prime opportunity to capitalize on the thriving Austin market.

• CAP approach

  CAP return

  Valuation

  6%

  $669,643

  6.5%

  $618,132

  7%

  $573,979

• Comparable approach

  Method

  Valuation

  Relative Method

  $955,904

  Geo Method

  $955,904

• Alternative Use

  Use

  Valuation

  Residential

  $521,417

  Hospitality

  $477,615

  Educational

  $397,370

  Medical

  $411,037

  Retail

  $618,132

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.3206

Longitude

-97.7293

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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