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Renovated Freestanding Office with Patio
For Lease
$1,995/Mo

503-503 W 41st St, Austin, TX 78751

Renovated freestanding office with covered patio in a historic Hyde Park setting and limited parking.

Space SizeContact for details
Days on Market131

Property Features for 503-503 W 41st St

General Information

Standard status Active
Listing Agency: E Q Real Estate
Listed By: Elena Vazquez
Source: Exprealty
Added: Mar 27 Changed: Jul 10 Last Checked: Jul 31 at 3:53PM

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 E Q Real Estate

Investment Insights

Based on property information with market context.

This renovated, freestanding office building offers street visibility and a covered patio, giving tenants a practical mix of interior workspace and outdoor space. The interior has been recently updated, and the space is described as ready for move-in on an ASAP timeline.

Located in a historically designated property in Hyde Park, the building benefits from a central, street-facing presence. Parking is limited and shared, with off-street spaces available for occupants.

From an occupancy standpoint, the leasing terms are structured on a gross rent basis that includes property taxes and insurance, along with trash and recycling. The tenant is responsible for electricity, water, and communication services. The initial lease term is a minimum of 3 years, with 3% annual increases, making it best suited to tenants seeking a longer-term, move-in-ready office environment in a distinct, historic setting.

Key Highlights

  • Renovated, free‑standing office building with a covered patio in a historically designated Hyde Park setting
  • Recently renovated interior
  • Gross rent includes property taxes, insurance, and trash/recycling

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Furniture & Home Goods Computer & Electronic Repair (Bike/Boat/Book/etc) Store Building Supply Garden Center Catering Service

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

1,261
Businesses Nearby

Demographics for 78751, TX

17,071
Population
9,966
Households
1.7
Avg Household Size
30
Median Age
77%
College-Educated
98%
High-School Grad
2.4 sq mi
ZIP Area
7,113
Density / Sq Mi
$81,657
Median Household Income
$53,330
Median Earnings
$1,627
Median Rent
$700,500
Median Home Value

Market

Lease Benchmarks for Austin, TX

$31.4 /SF/Yr
Avg Asking Price
$21–$47 /SF/Yr
Price Range
33,901 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 building - Renovated freestanding office with covered patio in a historic Hyde Park setting and limited parking.
Where is this office building located?
The property is located at 503-503 W 41st St Austin, TX.
What is the lease rate?
The lease rate is $1,995 /Mo.
What are key features of this property?
This property features: Renovated, free‑standing office building with a covered patio in a historically designated Hyde Park setting; Recently renovated interior; Gross rent includes property taxes, insurance, and trash/recycling
More about this property
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