2406 Rosewood AveAustin, TX 78702

Property Details for 2406 Rosewood Ave

Year built

2004

Lot size

3.15 AC

Property size (Sq ft)

43,289 SF

Property type

Office properties

Property subtype

Office buildings

APN

208120601

APU

208120601

Description

This exceptional mixed-use redevelopment opportunity presents a unique chance to acquire a substantial 43,289 square foot property situated on a generous 3.152-acre lot in Austin, Texas. Located at 2406 Rosewood Ave, in the desirable 78702 zip code, this property boasts a prime location near St. David's Hospital and Medical Center, offering easy access to downtown Austin, the airport, and thriving surrounding neighborhoods. The existing structure, a two-story building constructed in 1936 and renovated in 2004, currently operates at 100% occupancy. The property is zoned CS-MU-CO-NP, SF-3-NP, allowing for a wide range of development possibilities. Currently utilized as a single-tenant facility, the seller is offering a sale-leaseback arrangement extending until June 15, 2024, providing a seamless transition for the buyer. This presents a compelling investment opportunity in a high-growth market, with significant potential for future development. The property's size and location make it an ideal candidate for a variety of projects, capitalizing on the area's robust economic growth and increasing demand for commercial and residential space. The existing building provides immediate income potential while allowing ample time to plan and execute a comprehensive redevelopment strategy. This is a rare chance to acquire a substantial property in a highly sought-after Austin location.

• CAP approach

  CAP return

  Valuation

  6%

  $12,421,919

  6.5%

  $11,466,387

  7%

  $10,647,359

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,960,294

  Geo Method

  $12,960,294

• Alternative Use

  Use

  Valuation

  Residential

  $14,218,319

  Hospitality

  $13,023,904

  Educational

  $10,835,735

  Medical

  $11,208,393

  Retail

  $16,855,588

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2725

Longitude

-97.7089

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].