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702 Shady Ln Austin, TX 78702

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For Sale
$5,100,000

13,183 SF retail building in the heart of East Austin.

Property size:
13,183 SF
Lot size:
0.44 Acres

Property Features for 702 Shady Ln

General Information

Size
13,183 SF
Lot size
0.44 Acres

Source: Aquila Commercial Agent Jason Faludi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

East Austin Retail Building For Sale

The property at 702 Shady Lane, Austin, TX, is a 13,183-square-foot retail building situated on 0.44 acres in the heart of East Austin. Substantially improved in 2021, the building accommodates Wanderlust Wine Co.’s self-pour wine concept and event space. It features flexible floor plans, updated systems, and a large outdoor patio. The property is currently under a 10-year absolute NNN lease with Wanderlust, which commenced in June 2021, and includes 2.5% annual rent escalations. A new roof (flat section) was installed in 2021, and the sloped roof is less than five years old and in good condition following a professional inspection. Three new 10-ton commercial HVAC units were added in 2021.
Insight Report Location Intelligence

Current Use by Public Records

Trolley Pub Austin Sightseeing Tour Agency Wanderlust Wine Co. ... Winery

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Austin
County
Hays
State
Texas
Longitude
-97.6973852
Latitude
30.2541217

FAQs

What type of property is this?
Retail space - 13,183 SF retail building in the heart of East Austin.
Where is this retail space located?
The property is located at 702 Shady Ln Austin, TX.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: - Current 10-year absolute NNN lease with Wanderlust (commenced June 2021) provides stable, passive income.; - 2. 5% annual rent escalations ensure increasing returns on investment.; - Substantially improved in 2021, minimizing near-term capital expenditures.
More about this property
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