8538 Research BlvdAustin, TX 78758
- Grocery and convenience stores
- 567 SF
Property Details for 8538 Research Blvd
- Year built
- 1979
- Construction
- CONCRETE
- Lot size
- 0.51 AC
- Property size (Sq ft)
- 567 SF
- Property type
- Grocery and convenience stores
- APN
- 239100313
- APU
- 239100313
Description
This exceptional 0.51-acre lot located at 8538 Research Boulevard in Austin, Texas, presents a unique opportunity for a food market operator. Situated in Travis County, zip code 78758, this property offers a single-tenant occupancy, ideal for an independent grocer or a specialty food retailer seeking a high-visibility location. The land's size provides ample space for building development or expansion, catering to the needs of a growing business. The property is designated as retail and specifically categorized as a food market, reflecting its suitability for businesses in the food and beverage sector. The "For Lease" status indicates immediate availability for prospective tenants. This prime location in Austin offers excellent access to a vibrant and expanding community, providing a strong potential customer base. The property's single-tenant nature ensures exclusive use and control, minimizing competition and maximizing operational efficiency. This is a rare opportunity to establish a thriving food market in a desirable Austin location. Interested parties are encouraged to inquire for further details and leasing information. The property is ready for immediate development or lease, making it an attractive investment for those seeking a foothold in the Austin retail market. The 0.51-acre lot provides significant flexibility in terms of building design and layout, allowing for customization to meet specific business requirements.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $265,033
- 6.5%
- $244,646
- 7%
- $227,171
-
Comparable approach
- Method
- Valuation
- Relative Method
- $427,780
- Geo Method
- $427,780
-
Alternative Use
- Use
- Valuation
- Residential
- $206,368
- Hospitality
- $189,032
- Educational
- $157,272
- Medical
- $162,681
- Retail
- $244,646
Location Insight
- City
- Austin
- County
- Travis
- State
- Texas
- Latitude
- 30.36
- Longitude
- -97.7171
- CBSA code
- 12420
- CBSA name
- AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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