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Retail and Restaurant Space
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501 Congress Ave, Austin, TX 78701

First-floor retail with basement space is available in a mixed-use building with a central atrium and parking garage.

Property Size7,663 SF
Days on Market487

Property Features for 501 Congress Ave

General Information

Standard status Active
Size 7,663 SF
Total Parking Spaces 297
Property subtype RETAIL

Amenities

central atrium space
Listing Agency: SHOP Companies | Austin
Listed By: John Heffington
Source: Moodyscre
Added: Apr 1, 2025 Changed: Jul 26 Last Checked: Jul 30 at 11:40AM

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 SHOP Companies | Austin

Investment Insights

Based on property information with market context.

First-floor retail and basement retail/restaurant space is available at 501 Congress Avenue. The ground floor offers 7,663 SF of retail, with additional basement retail opportunity up to 12,524 SF. The building includes a central atrium space and is supported by an on-site parking garage.

Located in the central business district of Austin, Texas, the property is positioned in a vibrant urban setting. Parking is available via a 297-space parking garage.

The available space configuration supports street-level retail use on the first floor, with the option to expand into the basement retail area based on tenant needs.

Key Highlights

  • Total building size: 123,000 SF
  • Ground floor retail space: 7,663 SF
  • Basement retail opportunity up to 12,524 SF

Property Analytics

Current Use

Allen Edmonds Clothing & Fashion Store Rialtes Technologies (Bike/Boat/Book/etc) Store Vine Vault Storage Facility Jeff Senter Law ... Law Firm Morgan Law Firm Law Firm

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Butcher Clothing & Fashion Store Pet Grooming Service Nursing Home

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

11,339
Businesses Nearby
90k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 53% Dining 45% Shops & Services 1%
Austin Marriott Downtown Hotels & Casinos
21,058 visits/mo 0.3 miles
Voodoo Doughnut Dining
16,443 visits/mo 0.2 miles
P.F. Chang's Dining
15,688 visits/mo 0.3 miles
Courtyard by Marriott Austin Downtown Convention Center Hotels & Casinos
11,281 visits/mo 0.2 miles
Eddie V's Prime Seafood Dining
8,305 visits/mo 0.2 miles

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

$27.75 /SF/Yr
Avg Asking Price
$7.62–$70.24 /SF/Yr
Price Range
4,482 SF
Avg Space Size

Vacancy Rate% for Retail in Austin, TX

5.3% 2019
6.4% 2020
5.2% 2021
4% 2022
4.1% 2023
3.9% 2024
4.1% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - First-floor retail with basement space is available in a mixed-use building with a central atrium and parking garage.
Where is this retail space located?
The property is located at 501 Congress Ave Austin, TX.
What are key features of this property?
This property features: Total building size: 123,000 SF; Ground floor retail space: 7,663 SF; Basement retail opportunity up to 12,524 SF
(512) 384-1135 Call to check price and availability
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