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Class AA Office Building with Amenities
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98 Red River St, Austin, TX 78701

26-floor Class AA office space includes indoor amenities and an outdoor amenity deck in a mixed-use high-rise.

Property Size30,786 SF
Days on Market890

Property Features for 98 Red River St

General Information

Standard status Active
Size 30,786 SF
Class AA
Total Parking Spaces 1197
Property subtype OFFICE

Amenities

Lobby
Gym
Library
Lounge
Meeting Spaces
Conference Room
Storage & Prep Kitchen
Bar
Team Building Spaces
Focus Rooms
Collaboration Rooms
Training Rooms
Terrace
Walks
Gathering Spaces
Listing Agency: Lincoln Property Company | Austin
Listed By: Andrew E. Smith
Source: Moodyscre
Added: Feb 22, 2024 Changed: Jul 27 Last Checked: Jul 31 at 6:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lincoln Property Company | Austin

Investment Insights

Based on property information with market context.

Waterline is a multi-strata high-rise offering Class AA office space on floors L14–L39. The building is described as including amenity-rich offices, residential, and related hospitality experiences, with extensive common-area programming. Office levels are supported by average floorplates of 27,904 RSF, with buildingwide figures cited at 703,000 RSF.

The property at 98 Red River St in Austin includes 1,197 parking spaces and 28,000 SF of indoor amenities, including a lobby, gym, library, lounge, meeting spaces, conference rooms, focus and collaboration rooms, training rooms, and storage/prep areas. Outdoor amenities are described as totaling 24,000 SF, including an amenity deck with terraces, walks, and gathering spaces.

With multiple floors designated for office use and substantial indoor and outdoor amenity space, Waterline is positioned as a full-service workplace within a downtown context described in the offering materials.

Key Highlights

  • 26‑floor Class AA office space (L14–L39) in a mixed‑use high‑rise
  • 27,904 RSF average floorplates with 703,000 RSF total office space
  • 1,197 parking spaces (2.0/1,000 parking ratio)

Property Analytics

Current Use

Waterline Austin Condominium Complex

Suggested Use

Top Pick Butcher Pet Grooming Service (Bike/Boat/Book/etc) Store Mobile Phone Store Fish Market Farmer's Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

6,855
Businesses Nearby

Demographics for 78701, TX

11,625
Population
8,021
Households
1.4
Avg Household Size
38
Median Age
81%
College-Educated
96%
High-School Grad
1.5 sq mi
ZIP Area
7,750
Density / Sq Mi
$154,867
Median Household Income
$106,932
Median Earnings
$2,732
Median Rent
$653,600
Median Home Value

Market

Lease Benchmarks for Austin, TX

$26.46 /SF/Yr
Avg Asking Price
$0.61–$104 /SF/Yr
Price Range
14,750 SF
Avg Space Size

Vacancy Rate% for Office in Austin, TX

9.1% 2019
17.1% 2020
18.7% 2021
21.8% 2022
27.1% 2023
29.8% 2024
29% 2025
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Frequently Asked Questions

What type of property is this?
Office units - 26-floor Class AA office space includes indoor amenities and an outdoor amenity deck in a mixed-use high-rise.
Where is this office units located?
The property is located at 98 Red River St Austin, TX.
What are key features of this property?
This property features: 26‑floor Class AA office space (L14–L39) in a mixed‑use high‑rise; 27,904 RSF average floorplates with 703,000 RSF total office space; 1,197 parking spaces (2.0/1,000 parking ratio)
(512) 322-3225 Call to check price and availability
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