Renovated Office Redevelopment
For Lease
Contact for pricing
1200 E Anderson Ln, Austin, TX 78753
Permitted renovation includes lobby and bathroom upgrades, plus HVAC and electrical infrastructure improvements across the office building.
Property Size86,910 SF
Days on Market696
Property Features for 1200 E Anderson Ln
General Information
Standard status
Active
Size
86,910 SF
Property subtype
OFFICE
Listing Agency:
JLL | Austin
(512) 225-2718
Listed By:
Grace Gammill
Source:
Moodyscre
Added: Sep 4, 2024
Changed: Jul 28
Last Checked: Jul 30 at 12:16PM
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 JLL | Austin
Investment Insights
Based on property information with market context.
This office building at 1200 E Anderson Ln is offered as a redevelopment opportunity with plans that have been approved and permitted. Ownership has spent approximately 18 months and $750,000 designing and permitting renovations, with the project positioned to modernize the exterior and landscaping as well as upgrade the lobby and bathrooms using Class A finishes.
The current plans include three HVAC systems and four distribution panels ranging from 800 to 3,000 amps, with an MDP of 3,000, supported by 3 phase/4 wire 277/480-volt service. Site plan approval was received in May 2023, and permits were approved in June 2023.
Overall, the permitted scope is intended to deliver a contemporary, upgraded property without requiring a new owner to restart the design and entitlement process from scratch.
The current plans include three HVAC systems and four distribution panels ranging from 800 to 3,000 amps, with an MDP of 3,000, supported by 3 phase/4 wire 277/480-volt service. Site plan approval was received in May 2023, and permits were approved in June 2023.
Overall, the permitted scope is intended to deliver a contemporary, upgraded property without requiring a new owner to restart the design and entitlement process from scratch.
Key Highlights
- Plans are fully approved and permitted, with site plan approval received May 2023 and permits approved June 2023.
- Ownership spent approx. 18 months and $750,000 designing and permitting the renovation for 1200 E Anderson Lane.
- Proposed renovations include lobby and bathroom upgrades with Class A finishes.
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Explore this area
Business Placement
Demographics for 78753, TX
58,761
Population
25,345
Households
2.3
Avg Household Size
32
Median Age
35%
College-Educated
80%
High-School Grad
11.3 sq mi
ZIP Area
5,200
Density / Sq Mi
$62,334
Median Household Income
$38,278
Median Earnings
$1,447
Median Rent
$344,100
Median Home Value
Market
Lease Benchmarks for Austin, TX
$30.45 /SF/Yr
Avg Asking Price
$21–$47 /SF/Yr
Price Range
38,644 SF
Avg Space Size
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Permitted renovation includes lobby and bathroom upgrades, plus HVAC and electrical infrastructure improvements across the office building.
Where is this office building located?
The property is located at 1200 E Anderson Ln Austin, TX.
What are key features of this property?
This property features: Plans are fully approved and permitted, with site plan approval received May 2023 and permits approved June 2023.; Ownership spent approx. 18 months and $750,000 designing and permitting the renovation for 1200 E Anderson Lane.; Proposed renovations include lobby and bathroom upgrades with Class A finishes.
