Retail Suites Available for
For Sale
Contact for pricing
701 Colorado St, Austin, TX
Two retail suites available, can be leased separately or together.
Property Size6,348 SF
Lot Size0.26 Acres
Price / SF$346.57
Days on Market330
Property Features for 701 Colorado St
General Information
Standard status
Active
Size
6,348 SF
Lot size
0.26 Acres
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 701 Colorado St
Brown Building
AVAILABLE, Now
Floor
2
Size
5,213 SF
Type
OFFICE
Lease Type
NNN
Sublease
No
- Renovated historic building
- Modern interior space offers adaptability for a wide variety of tenants
- Prime location in downtown Austin
- Amenity rich area with a plethora of restaurants, retail and entertainment options
- Garage parking in the Brown Building Garage and adjacent garages to meet all parking needs
- On-site amenities such as building gym, wine storage and rooftop deck
Contact us
Listing Agency:
Colliers - Austin
(512) 539-3000
Listed By:
Doug Rauls · License #462355
(512) 695-2314
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Sep 5
Last Checked: Oct 20 at 8:33PM
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 Colliers - Austin
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Investment Insights
Based on property information with market context.
Two retail suites are available for lease, either together or separately. Suite 100 has a size of 5,523 square feet, while Suite 200 offers 6,438 square feet. Suite 100 was previously a bar and then an office, while Suite 200 was formerly a restaurant (Gumbo’s) before becoming an office space. The building has a grease trap available. Eight parking spots are available for use for the two retail suites. NNN is $11 per square foot.
Key Highlights
- Two retail suites available for lease, either together or separately.
- Suite 200 offers a substantial 6,438 sf of space.
- Suite 100 offers 5,523 sf of space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,761
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,395,220
$2.4M
Cap Rate 7%
$1,710,871
$1.7M
Cap Rate 9%
$1,330,678
$1.3M
Market Conditions
NOI Build-Up for 6,348 SF
Gross rent
$165.3K $26.04/SF
− Vacancy
−$5.6K −$0.89/SF
EGI
$159.7K $25.15/SF
− OpEx
−$39.9K −$6.29/SF
NOI
$119.8K $18.87/SF
Area
Austin, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,395,220
Cap Rate 7%
$1,710,871
Cap Rate 9%
$1,330,678
Alternative Uses
Best Use
Specialty Retail
$1.71M
$1.50M – $2.00M
NOI $119,761 @ 7.0% cap · market cap 5.44%
Second Best
Retail
$1.60M
$1.40M – $1.86M
NOI $111,777 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,130 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12,293
Businesses Nearby
90k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 53%
Dining 45%
Shops & Services 1%
Austin Marriott Downtown
Hotels & Casinos
21,058 visits/mo
0.5 miles
Voodoo Doughnut
Dining
16,443 visits/mo
0.2 miles
P.F. Chang's
Dining
15,688 visits/mo
0.4 miles
Courtyard by Marriott Austin Downtown Convention Center
Hotels & Casinos
11,281 visits/mo
0.3 miles
Eddie V's Prime Seafood
Dining
8,305 visits/mo
0.3 miles
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
Frequently Asked Questions
What type of property is this?
Retail space - Two retail suites available, can be leased separately or together.
Where is this retail space located?
The property is located at 701 Colorado St Austin, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Two retail suites available for lease, either together or separately.; Suite 200 offers a substantial **6,438 sf of space**.; Suite 100 offers **5,523 sf of space**.
