Commercial Land with Restaurant
For Sale
Contact for pricing
1304 E 51st St, Austin, TX 78723
Two adjoining tracts combine an operating restaurant property, secondary office structure, parking, outdoor seating, and redevelopment potential.
Property Size2,025 SF
Price / SF$913.58
Days on Market147
Property Features for 1304 E 51st St
General Information
Standard status
Active
Size
2,025 SF
Property subtype
Land, Retail
Zoning
GR-MU-V-CO-NP
Investment Type
Owner/User
Building Details
Year Built
1949
Year Renovated
1999
Buildings
2
Units
2
Listing Agency:
Marcus & Millichap - Austin
Listed By:
Joseph Blanga · License #736919
(512) 338-7833
Source:
Crexi
Added: Apr 9
Changed: Aug 31
Last Checked: Sep 1 at 10:22PM
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 Marcus & Millichap - Austin
Investment Insights
Based on property information with market context.
This assemblage includes two adjoining tracts totaling 0.558 AC and must be conveyed together. The restaurant component contains a 1,297 SF main building and cantina with two kitchens, a full bar, live-music stage, outdoor seating, and a large parking area. The second tract includes a 728 SF house/office property. The restaurant will be delivered vacant, while the office property is leased month-to-month. A current equipment list and recently purchased surveys are available. Both properties carry GR-MU-V-CO-NP zoning, and the restaurant business name will be discontinued before closing.
The properties have separate driveways from E 51st St, which records 11,587 VPD. The site is across from the Mueller development and near multifamily communities including the Solomon, AMLI, and Aldrich 51. Retail along Barbara Jordan includes Home Depot, Best Buy, Marshall's, Sprouts, Twin Liquors, and other stores, with Dell Children's Medical Center also nearby. Within one mile, population increased 7.91 percent between 2020-2025 and AHHI is $130,016.
The properties have separate driveways from E 51st St, which records 11,587 VPD. The site is across from the Mueller development and near multifamily communities including the Solomon, AMLI, and Aldrich 51. Retail along Barbara Jordan includes Home Depot, Best Buy, Marshall's, Sprouts, Twin Liquors, and other stores, with Dell Children's Medical Center also nearby. Within one mile, population increased 7.91 percent between 2020-2025 and AHHI is $130,016.
Key Highlights
- 0.558 AC assemblage of two adjoining tracts; both properties must be sold together
- Restaurant component includes a 1,297 SF main building and 728 SF cantina/house‑office property
- Two kitchens, full cantina bar, live‑music stage, outdoor seating, and large parking area
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,975
Businesses Nearby
741k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 29%
Apparel 23%
Dining 22%
Home Improvements & Furnishings 10%
The Home Depot
Home Improvements & Furnishings
68,444 visits/mo
0.3 miles
McDonald's
Dining
62,202 visits/mo
0.4 miles
Marshalls
Apparel
53,726 visits/mo
0.4 miles
Ross Dress for Less
Apparel
43,329 visits/mo
0.4 miles
Dollar Tree
Shops & Services
41,299 visits/mo
0.4 miles
Demographics for 78723, TX
34,522
Population
17,065
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,862
Density / Sq Mi
$87,978
Median Household Income
$54,769
Median Earnings
$1,478
Median Rent
$513,500
Median Home Value
Market
Vacancy Rate% for Retail in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Two adjoining tracts combine an operating restaurant property, secondary office structure, parking, outdoor seating, and redevelopment potential.
Where is this commercial land located?
The property is located at 1304 E 51st St Austin, TX.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 0.558 AC assemblage of two adjoining tracts; both properties must be sold together; Restaurant component includes a 1,297 SF main building and 728 SF cantina/house‑office property; Two kitchens, full cantina bar, live‑music stage, outdoor seating, and large parking area
