1712 Rio Grande StAustin, TX 78701

Property Details for 1712 Rio Grande St

Year built

1900

Construction

WOOD FRAME

Lot size

0.31 AC

Property size (Sq ft)

8,533 SF

Property type

Office properties

Property subtype

Office buildings

APN

211010502

APU

211010502

Description

This exceptional creative office building, located at 1712 Rio Grande Street in Austin, Texas, presents a compelling owner-occupant or investment opportunity. The property, situated in the heart of the Central Business District, boasts 8,533 square feet across four stories within a single building. Constructed in 1906 and extensively renovated in 2005, the building is classified as Class B and features a multi-tenant occupancy currently at 30%. The asking price is $3,950,000, translating to $462.91 per square foot. The property is zoned GO and sits on a 0.31-acre lot, providing convenient off-street surface parking. Its prime location offers unparalleled proximity to downtown Austin, the University of Texas, both Travis County Courthouses, and the State Capitol. The lease type is NNN. This presents a rare chance to acquire a well-located, established property in a thriving Austin market. The building's history, combined with its recent renovations, creates a unique blend of character and modern functionality, ideal for a variety of creative businesses or a savvy investor seeking strong returns. The property's central location and ample parking are key advantages in a competitive market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,448,572

  6.5%

  $2,260,220

  7%

  $2,098,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,554,695

  Geo Method

  $2,554,695

• Alternative Use

  Use

  Valuation

  Residential

  $2,802,673

  Hospitality

  $2,567,234

  Educational

  $2,135,908

  Medical

  $2,209,365

  Retail

  $3,322,524

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2814

Longitude

-97.7456

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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