10200 Highway 290 W, Austin, TX 78736
sale
$1,949,000
|
Office
Courtesy Of Stanberry and Associates
Positioned on 2.78 acres with strong frontage along Highway 290, this investment property offers a compelling opportunity for both owner-users and investors seeking growth potential in the path of development between Austin and Dripping Springs. The site features a well-maintained 4,227 SF two-story office building comprised of 11 individual suites, complemented by a 1,152 SF garage structure that has been converted into 3 Office suites and 1 Garage spot for the owner, located at the rear of the property. Currently operating at approximately 70% occupancy, the asset provides immediate cash flow with additional upside through lease-up and future development. The property also benefits from supplementary income generated through an annual sign lease and ground lease. Located outside the city ETJ, the tract allows flexibility for expansion, with ample room to construct additional buildings to maximize returns in this high-demand corridor.
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Property Features
- Age: 21-30 Years Old
- Amenities: Cable Ready
- Amenities: Security System
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Stone
- Exterior Type: HardiPlank Type
- Floor Covering: Vinyl
- Floor Covering: Linoleum
- Floor Covering: Tile
- Floor Covering: Carpet
- Floors: 2
- Heating System: Propane Stove
- Heating System: Propane (Heating)
- Heating System: Central
- Legal Description: LOT 23 SCENIC BROOK ESTATES SEC 2 RE-AMENDED
- MLSID: 3032178
- Parking Spaces: 50
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