501 Mary StAustin, TX 78704

Property Details for 501 Mary St

Year built

1950

Construction

CONCRETE

Lot size

0.37 AC

Property size (Sq ft)

6,807 SF

Property type

Retail properties

Property subtype

Strip malls

APN

402010503

APU

402010503

Description

Lions Veldt offers a unique 1,150 square foot commercial space for lease in the desirable Boulder Creek submarket cluster. This single-tenant property is part of a larger 6,850 square foot building and is situated on a single story with convenient parking. The space is zoned CS-MU-V-CO-NP and is ideal for a variety of uses, including creative office, traditional office, or coworking spaces, as well as retail businesses. The gross lease rate is $3,300 per month, which includes waste disposal, parking lot maintenance, and roof expenses. This all-inclusive lease simplifies budgeting and allows businesses to focus on growth. The property's location near First St ensures high visibility and accessibility for clients and employees. The space is currently vacant and ready for immediate occupancy, providing a blank canvas for businesses to create their ideal workspace. This is an exceptional opportunity to establish a presence in a thriving community, benefiting from a well-maintained building and convenient parking. Don't miss this chance to secure a prime location that supports business success.

• CAP approach

  CAP return

  Valuation

  6%

  $2,871,337

  6.5%

  $2,650,465

  7%

  $2,461,146

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,135,628

  Geo Method

  $5,135,628

• Alternative Use

  Use

  Valuation

  Residential

  $2,235,766

  Hospitality

  $2,047,950

  Educational

  $1,703,870

  Medical

  $1,762,469

  Retail

  $2,650,465

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2463

Longitude

-97.7561

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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