3311 Lamar BlvdAustin, TX 78705

Property Details for 3311 Lamar Blvd

Year built

1959

Construction

CONCRETE

Lot size

0.29 AC

Property size (Sq ft)

2,550 SF

Property type

Retail properties

Property subtype

Retail space

APN

218031310

APU

218031310

Description

This exceptional 2,550 square foot medical office building, constructed in 1959, is ideally situated at 3311 N Lamar Blvd in Austin, Texas, zip code 78705. The single-story building sits on a single lot and is zoned CS-1. Its prime location along the bustling N Lamar Blvd and W 35th St offers unparalleled visibility and accessibility. The property benefits from its proximity to Ascension Seton Medical Center and other significant medical facilities, making it an attractive option for medical professionals. Convenient access to major transportation arteries, including Mopac Expressway and Interstate 35, ensures effortless commutes for both staff and patients. The building's functionality is further enhanced by its classification as Office, Retail, and Special Purpose, offering versatility for a range of medical uses. This presents a unique opportunity to acquire a well-located, established medical office building in a thriving Austin neighborhood. The property's single-tenant occupancy simplifies management and provides a stable income stream. The building's 2,550 square feet provide ample space for a variety of medical practices. This is a rare chance to own a piece of Austin's vibrant medical corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $1,347,742

  6.5%

  $1,244,069

  7%

  $1,155,207

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,923,880

  Geo Method

  $1,923,880

• Alternative Use

  Use

  Valuation

  Residential

  $1,049,419

  Hospitality

  $961,262

  Educational

  $799,759

  Medical

  $827,264

  Retail

  $1,244,069

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.302

Longitude

-97.7447

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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