Historic Downtown Office
For Sale
Contact for pricing
504 Congress Ave, Austin, TX 78701
Adaptable commercial space with direct street frontage and access to nearby parking garages.
Property Size9,290 SF
Price / SF$1.00
Days on Market47
Property Features for 504 Congress Ave
General Information
Standard status
Active
Size
9,290 SF
Property subtype
Office
Additional Details
Road Access
Yes
Building Details
Buildings
1
Building Size
9,290 SF
Listing Agency:
Austin
Listed By:
Doug Rauls · License #462355
(512) 539-3006
Source:
Colliers
Added: Sep 1
Changed: Oct 10
Last Checked: Oct 16 at 5:36AM
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 Austin
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Investment Insights
Based on property information with market context.
This historic office building contains approximately 9,290 square feet along Congress Avenue in downtown Austin. Its adaptable layout supports office or retail occupancy, with direct street frontage and strong pedestrian activity along the corridor.
The property is surrounded by restaurants, retail, entertainment, and business destinations. Nearby parking garages provide access for occupants and visitors, while the building’s position on Congress Avenue places it within Austin’s central downtown environment.
The property is surrounded by restaurants, retail, entertainment, and business destinations. Nearby parking garages provide access for occupants and visitors, while the building’s position on Congress Avenue places it within Austin’s central downtown environment.
Key Highlights
- Approximately 9,290 SF building
- Historic property on Congress Avenue in downtown Austin
- Flexible layout suitable for office or retail users
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,581
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,271,620
$3.3M
Cap Rate 7%
$2,336,871
$2.3M
Cap Rate 9%
$1,817,567
$1.8M
Market Conditions
NOI Build-Up for 9,290 SF
Gross rent
$241.9K $26.04/SF
− Vacancy
−$8.2K −$0.89/SF
EGI
$233.7K $25.15/SF
− OpEx
−$70.1K −$7.55/SF
NOI
$163.6K $17.61/SF
Area
Austin, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,271,620
Cap Rate 7%
$2,336,871
Cap Rate 9%
$1,817,567
Alternative Uses
Best Use
Office B
$2.70M
$2.37M – $3.15M
NOI $189,245 @ 7.0% cap · market cap 2,037.08%
Second Best
Retail
$2.34M
$2.04M – $2.73M
NOI $163,581 @ 7.0% cap · market cap 1,760.83%
Theoretical Best
Office A
$3.64M
$3.19M – $4.25M
NOI $254,831 @ 7.0% cap · market cap 2,743.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11,339
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office building - Adaptable commercial space with direct street frontage and access to nearby parking garages.
Where is this office building located?
The property is located at 504 Congress Ave Austin, TX.
What are key features of this property?
This property features: Approximately 9,290 SF building; Historic property on Congress Avenue in downtown Austin; Flexible layout suitable for office or retail users
