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.
| MLS # | 3032178 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1999 |
| Days On Site | 170 |
| Listing Provided By | Stanberry REALTORS | Scott Daves |
| SQ Feet | 5,429 |
|---|---|
| Building(s) | 2 |
| Acreage | 2.78 |
| Property View | Hill Country |
| Cooling | Central Air, Electric |
|---|---|
| Heating | Central, Propane, Propane Stove |
| Flooring | Carpet, Linoleum, Tile, Vinyl |
| Foundation Details | Slab |
|---|---|
| Construction Materials | Hardi Plank Type, Stone |
| Security Features | Building Security, Security System |
| Parking Features | Common, Concrete, Garage, Garage Door Opener, Garage Faces Front, Gravel, Parking Lot, Shared Driveway |
|---|
| Utilities | Cable Available, Electricity Connected, High Speed Internet, Phone Available, Propane, Sewer Connected, Water Connected |
|---|---|
| Sewer | Septic Tank |
| List Aor | Austin Board Of Realtors |
|---|
| Property | 33906 |
|---|
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78736 |
| Area | W |
| Community Name | Scenic Brook Estates Sec 2 Re |
| Listing VS Median (in Scenic Brook Estates Sec 2 Re) | |
Price: $1,949,000 low | high Med: $2,024,500 sqft: 5,429 low | high Med: 3,615 $ / sqft: $359 low | high Med: $763 On site: 170 low | high Med: 305 | |
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78736 |
| Area | W |
| Community Name | Scenic Brook Estates Sec 2 Re |
| Listing VS Median (in Scenic Brook Estates Sec 2 Re) | |
Price: $1,949,000 low | high Med: $2,024,500 sqft: 5,429 low | high Med: 3,615 $ / sqft: $359 low | high Med: $763 On site: 170 low | high Med: 305 | |