Commercial: MLS #8994853 Austin, TX ^$ 2,750,000

Commercial: MLS #8994853

^$ 2,750,000

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Commercial: MLS #8994853

Austin, TX, 78704

^$ 2,750,000

Studio Baths0.0 Sq 1,000

Monthly Estimate*

^$ 18,277

Studio

Commercial Property for sale in Austin, TX

for $2,750,000. This 1,000 square foot building was built in 1934 on a lot size of 0.153.

Rare opportunity to own ON South 1st Street. Rent or owner occupy 1934 Vintage building. Huge commercial development potential: CS up to 65' height; 95% impervious could allow up to approximately 20,000 rentable square feet, depending on project, restrictions and city concessions (visit with City of Austin development office). Owner Financing available.

Commercial Active

Price

^$ 2,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 8,500

Style

Mixed Use

Lot Size

0.153

Year Built

1934

Town/City

Austin

County/Region

Travis

MLS | Web ID

8994853

Features

General

Sewer Public Sewer

Heating Central

Cooling Central Air

Utilities Above Ground Electricity Connected High Speed Internet Natural Gas Connected Sewer Connected Underground Utilities Water Connected

Zoning CS-MU-V-CO-NP Commercial services; mixed use; verticle

Security Features None

Construction Materials Spray Foam Insulation Stone

Year Built 1934

View None

Property SubType Mixed Use

Tax Year 2023

Current Use Retail

Accessibility Customized Wheelchair Accessible Accessible Entrance Grip-Accessible Features Walker-Accessible Stairs

County Travis

Operating Expense 8500

New Construction N

Property Type Commercial Sale

Energy Efficient None

Subdivision Name Bouldin James E Add

Building Features Fiber Optic Available Multi-User Private Restrooms Public Restrooms Showers - Office Sign - Freestanding

Green Sustainability None

Other Structures None

Status Active

Directions From Cesar Chavez turn South on 1st Street West side of street after 1600 development (very large mix use building); From Hwy 71 turn North past Oltorf West side of street after Annie next to 1600 d

City Austin

Disclosures Owner/Agent

MLS Area 6

Lot Size Square Feet 6664.68

Waterfront Y/N N

Street Name 1st

Tax Annual Amount 8500

Property Condition Resale

Additional Parcels Y/N N

Leasable Area 900

Lease Type NNN

Standard Status Active

Year Built Source Public Records

Tax Assessed Value 340000

Interior

Flooring Wood

Total Stories 1

Street Suffix ST

Total Bedrooms 0

Total Baths 0

Exterior

Parking Features Common Direct Access Driveway Off Street On Site Parking Lot

Water Source Public

Total Parking 8

Foundation Details Concrete Perimeter Pillar/Post/Pier

Number of Buildings 1

Building Area Total 1000

Lot Size Acres 0.153

Road Surface Type Asphalt Gravel PVD Sidewalks

Lot Size Source Public Records

Other Equipment None

Horse Y/N N

Internal Only

Street Number 1 1628

* Excluded Features

List By

Jack Armstrong

Listing Agent

Armstrong Group, Lc.

Broker

Jack@ArmstrongGroup.Info

Affordability Calculator

$18,986

Per Month

Monthly Principal & Interest: $18,277
Monthly Property Taxes: $708
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Austin, TX

Average List Price ^$2,056,403

Percent of Sale Price 25%

About Austin, TX

937,069 Population

36% Since 2002

^$66,040 Median Income

34.22 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3038596 Elementary School

3038443 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/23/2024	$2,750,000	-6.78%	Price Down
1/15/2024	$2,950,000	-6.35%	Price Down
12/10/2023	$3,150,000	-3.08%	Price Down
10/1/2023	$3,250,000	-5.80%	Price Down
9/5/2023	$3,450,000	-1.43%	Price Down
8/8/2023	$3,500,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Austin Board of REALTORS(r)(alternatively, from ACTRIS)

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Austin Board of REALTORS(r)(alternatively, from ACTRIS) . Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS(r), ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied."

Data is updated as of 5/29/2024.

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Commercial: MLS #8994853

Commercial Property for sale in Austin, TX

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