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Second-Generation Restaurant Space
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507 Pressler Street, Austin, TX 78703

Ground-floor restaurant/retail space in a mixed-use development with 152 dedicated parking spaces.

Space Size2,557 SF - 4,346 SF
Days on Market44

Property Features for 507 Pressler Street

General Information

Standard status Active
Size 2,557 SF - 4,346 SF
Total Parking Spaces 152
Property subtype Retail
Lease Type NNN

Additional Details

Multifamily Units 168

Amenities

outdoor patio

Spaces For Lease

at 507 Pressler Street Contact us

Suite 100

Size
4,346 SF
Type
Retail
Availability
Available
Contact us

Suite 1000

Size
2,557 SF
Type
Retail
Availability
Available
Contact us
Listing Agency: CBRE - Austin
Listed By: Will Majors
Source: Cbre
Added: Jul 24 Changed: Aug 26 Last Checked: Sep 5 at 5:50AM

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 CBRE - Austin

Investment Insights

Based on property information with market context.

This second-generation restaurant space is located on the ground floor of a high-end mixed-use urban development. The offering is positioned below 168 apartment units and includes outdoor patio opportunities, supporting both dine-in and street-level restaurant operations. Dedicated parking for retail totals 152 spaces, helping serve day-to-day customer access.

The property is located at 507 Pressler St, Austin, TX 78703. The lease rate is offered on a Triple Net (NNN) basis, with terms available through the broker.

Key Highlights

  • Ground‑floor restaurant/retail space in a mixed‑use development
  • Lease rate type is triple net (NNN)
  • Retail space is supported by 152 dedicated parking spaces

Property Analytics

Current Use

Pressler Apartments Real Estate Agency Downtown Dental Design Dental Office Keystone Bank Bank WhereiPark Monthly Parking ... Parking Lot & Garage Dr. Ashoka R. ... Physician

Suggested Use

Top Pick Home Appliance Store Auto Parts Store (Bike/Boat/Book/etc) Store Pharmacy Florist Tattoo & Piercing Shop

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

168
Residential units
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,010
Businesses Nearby
56k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 74% Groceries 13% Shops & Services 4% Electronics 4%
REI Apparel
19,957 visits/mo 0.4 miles
Anthropologie Apparel
16,468 visits/mo 0.4 miles
Spec's Groceries
7,260 visits/mo 0.5 miles
lululemon athletica Apparel
4,966 visits/mo 0.3 miles
AT&T Electronics
2,053 visits/mo 0.3 miles

Demographics for 78703, TX

22,194
Population
12,237
Households
1.8
Avg Household Size
38
Median Age
84%
College-Educated
99%
High-School Grad
5.6 sq mi
ZIP Area
3,963
Density / Sq Mi
$144,637
Median Household Income
$80,622
Median Earnings
$2,217
Median Rent
$1,353,500
Median Home Value

Market

Lease Benchmarks for Austin, TX

$28.17 /SF/Yr
Avg Asking Price
$7.62–$70.24 /SF/Yr
Price Range
7,824 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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Ground-floor restaurant/retail space in a mixed-use development with 152 dedicated parking spaces.
Where is this retail space located?
The property is located at 507 Pressler Street Austin, TX.
What are key features of this property?
This property features: Ground‑floor restaurant/retail space in a mixed‑use development; Lease rate type is triple net (NNN); Retail space is supported by 152 dedicated parking spaces
More about this property
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