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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 24,574 sqft
Price per Sqft $264
Subdivision Theodore Bissell Surv #18
MLS Listing ID 5707988
Year Built 2018
Tax Year 2022
Lot Size 1.722 Acres
Property Sub-Type Mixed Use
Property Description
Mixed-use 37 unit property for sale, newer construction (2018). Located near the intersection of Menchaca Road and West William Cannon. 23 commercial and 14 residential units, great high-end finished. Energy efficient and sustainably built, including: solar panels, EV chargers, community garden, rainwater collection tanks, and is Austin first ever mixed-use property to incorporate gray water recycling.
Rents are below market, and value-add can be achieved with strategic capital improvements to make use of unutilized areas of the property, as well as repurpose the garden. Utilities are not billed-back to tenants and are being paid by the landlord. Units are advertised with utilities included. A stabilized asset is 4.77% cap.
Location
State TX
County Travis
Area 10N
Zoning LO-MU-CO-NP
Interior
Heating Central
Cooling Central Air
Flooring Concrete, Wood
Exterior
Utilities Available Cable Available, Electricity Connected, High Speed Internet, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
View Garden
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Masonry – All Sides,Wood Siding
New Construction No
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with Rebis Realty
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Spencer Wheelwright
Broker Associate | License ID: 667574
Broker Associate License ID: 667574
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