1112 W Ben White BLVD, Austin, TX 78704
sale
$7,995,000
|
Office
Courtesy Of Douglas Elliman Real Estate
"Where Visibility Meets Opportunity Your Rare Business Address Awaits", an unmissable presence for brand exposure on a Major high-traffic volume highway in a highly visible location on Ben White Blvd./Highway 71, a Major east-west connectivity corridor in the heart of Austin!
Strategically located in the South Austin Submarket of Austin s MSA, only a few miles from the pulsating downtown district, vibrant SOCO, the ever-evolving South Lamar District, the anticipated $1B Brodie Oaks Redevelopment project, and being just 8 miles from ABIA, One Park Place is a magnet for businesses keen on tapping into Austin's younger, more affluent, and increasing Gen Z workforce in the 04' zip code, and surrounding area.
This understated, oak-covered lot showcases a 26,594 sq ft office building with over $1.5 million invested in recent upgrades/renovations in an entirely new HVAC system, electrical work throughout, new duct installation, a new Water Sys. Config. for optimal efficiency, a new roof, interior upgrades, & a brand new BAS system for centralized control. The Seller thoughtfully renovated the building, leaving room for value-add enhancements and easy buildouts utilizing the naturally-illuminated open-concept layout, elevated 10 -12 ceilings, removal of flooring down to the concrete sub-floor, and favorable floor plans, to easily increase value & cash flow with minimal upfront costs.
The flexibility and adaptability of the blank canvas space in general, and the Limited Office (LO) Zoning designation within the thriving area of 78704 would unquestionably solicit any Owner/Occupant, Medical Office Space utility (right across from the St. David s South Medical Complex), a Surgery Center/Ambulatory Clinic, any new or existing business seeking massive Brand exposure through high-visibility marketing, an Investor looking for value in a rebounding sector, a multi-tenant play, or any business that benefits from the unparalleled building signage opportunity on multiple sides.
Strategically located in the South Austin Submarket of Austin s MSA, only a few miles from the pulsating downtown district, vibrant SOCO, the ever-evolving South Lamar District, the anticipated $1B Brodie Oaks Redevelopment project, and being just 8 miles from ABIA, One Park Place is a magnet for businesses keen on tapping into Austin's younger, more affluent, and increasing Gen Z workforce in the 04' zip code, and surrounding area.
This understated, oak-covered lot showcases a 26,594 sq ft office building with over $1.5 million invested in recent upgrades/renovations in an entirely new HVAC system, electrical work throughout, new duct installation, a new Water Sys. Config. for optimal efficiency, a new roof, interior upgrades, & a brand new BAS system for centralized control. The Seller thoughtfully renovated the building, leaving room for value-add enhancements and easy buildouts utilizing the naturally-illuminated open-concept layout, elevated 10 -12 ceilings, removal of flooring down to the concrete sub-floor, and favorable floor plans, to easily increase value & cash flow with minimal upfront costs.
The flexibility and adaptability of the blank canvas space in general, and the Limited Office (LO) Zoning designation within the thriving area of 78704 would unquestionably solicit any Owner/Occupant, Medical Office Space utility (right across from the St. David s South Medical Complex), a Surgery Center/Ambulatory Clinic, any new or existing business seeking massive Brand exposure through high-visibility marketing, an Investor looking for value in a rebounding sector, a multi-tenant play, or any business that benefits from the unparalleled building signage opportunity on multiple sides.
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Property Features
- Age: 41-50 Years Old
- Amenities: Security System
- Architecture Style: Other
- Cooling System: Central Air
- Cooling System: ENERGY STAR Qualified Equipment
- Exterior Type: Foam Insulation
- Exterior Type: Glass
- Exterior Type: Plaster
- Exterior Type: Concrete
- Floor Covering: Concrete
- Heating System: Heat Pump (Heating)
- Heating System: Hot Water (Heating)
- Heating System: Central
- Heating System: Humidity Control (Heating)
- Legal Description: LOT 1 LESS S 92.15'AV ONE PARK PLACE II
- MLSID: 7477369
- Parking Spaces: 82
- View Type: Panorama
- View Type: City
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