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Freestanding Restaurant with I-35 Access
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501 W Canyon Ridge Drive, Austin, TX 78753

Standalone dining property with direct interstate access, expansive glazing, and distinctive stone and wood architectural detailing.

Space Size5,788 SF
Days on Market22

Property Features for 501 W Canyon Ridge Drive

General Information

Standard status Active
Size 5,788 SF
Property subtype Retail, Restaurant

Spaces For Lease

at 501 W Canyon Ridge Drive Contact us

Available Space

Size
5,788 SF
Availability
Active
Contact us
Listing Agency: Partners
Listed By: Bryan McMurrey · License #TX459989
Source: Crexi
Added: Aug 27 Changed: Sep 16 Last Checked: Sep 16 at 2:09PM

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 Partners

Investment Insights

Based on property information with market context.

This freestanding restaurant occupies approximately 5,788 square feet on 2.96 acres at 501 W Canyon Ridge Drive in Austin. The building was designed by Michael Hsu Design Office and features warm stone, wood-screen elements, and floor-to-ceiling glass throughout the dining environment.

The property has direct frontage and access to Interstate 35, providing a prominent connection to the regional roadway network. Its standalone configuration and restaurant-specific design support continued use as a dining venue, subject to applicable approvals and requirements.

Key Highlights

  • Approximately 5,788 SF freestanding restaurant
  • Situated on 2.96 acres
  • Direct frontage and access to Interstate 35

Property Analytics

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Current Use

Asadas Grill Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Auto Repair Shop Auto Parts Store Nail Salon Spa & Massage Center

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

471
Businesses Nearby
260k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 37% Dining 21% Shops & Services 14% Leisure 11%
H-E-B Groceries
91,745 visits/mo 0.2 miles
QuikTrip Shops & Services
33,173 visits/mo 0.5 miles
AMC Dine-In Tech Ridge 10 Leisure
27,477 visits/mo 0.5 miles
In-N-Out Burger Dining
26,967 visits/mo 0.2 miles
JCPenney Apparel
25,610 visits/mo 0.1 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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?
Conventional restaurant - Standalone dining property with direct interstate access, expansive glazing, and distinctive stone and wood architectural detailing.
Where is this conventional restaurant located?
The property is located at 501 W Canyon Ridge Drive Austin, TX.
What are key features of this property?
This property features: Approximately 5,788 SF freestanding restaurant; Situated on 2.96 acres; Direct frontage and access to Interstate 35
More about this property
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