702 Shady Ln, Austin, TX

Listing agent Jason Faludi Show Phone

Listing office Aquila Commercial Show Phone

Listing date Nov 21, 2025

Source Moodyscre

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 Aquila Commercial

Report an issue

---

Overview

The property at 702 Shady Lane, Austin, TX, is a 13,183-square-foot retail building situated on 0.44 acres in the heart of East Austin. Substantially improved in 2021, the building accommodates Wanderlust Wine Co.’s self-pour wine concept and event space. It features flexible floor plans, updated systems, and a large outdoor patio. The property is currently under a 10-year absolute NNN lease with Wanderlust, which commenced in June 2021, and includes 2.5% annual rent escalations. A new roof (flat section) was installed in 2021, and the sloped roof is less than five years old and in good condition following a professional inspection. Three new 10-ton commercial HVAC units were added in 2021.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Austin

County

Hays

State

Texas

Longitude

-97.6974

Latitude

30.2541

Nearby Similar for Sale

• 

  $2,500,000

  4,800 SF

  Freestanding Restaurant Site

  Flexible CS-MU-CO-NP zoning with existing grease trap and ample paved parking for restaurant, retail, or office uses.

  320 W William Cannon Dr, Austin, TX 78745

  View Details
• 

  $1,850,000

  4,036 SF

  Versatile Commercial Building in Avery Ranch

  Multi-tenant building in high-traffic location suitable for various uses.

  10521 Parmer Ln, Austin, TX 78717

  View Details
• 

  $1,700,000

  4,000 SF

  Austin Mixed-Use Commercial Property

  Versatile property on 3.644 acres, ideal for various businesses.

  6950 Us Highway 183 S, Austin, TX 78744

  View Details
• 

  $2,200,000

  3,200 SF

  Highway 290 Frontage Commercial Property

  Versatile commercial property with excellent frontage and visibility on Highway 290.

  9221 Highway 290 W, Austin, TX 78736

  View Details
• 

  $4,200,000

  6,500 SF

  East Austin Commercial Property

  Versatile commercial property near US-183 corridor in East Austin.

  5225 E Cesar Chavez St, Austin, TX 78702

  View Details
• 

  $5,750,000

  10,986 SF

  North Austin Retail Investment Opportunity

  Fully occupied retail building with strong income in prime location.

  9710 N Lamar Blvd, Austin, TX, 78753-4112

  View Details
• 

  $1,500,000

  2,508 SF

  Lakeway Warehouse on RR 620

  2,508 SF warehouse on 0.563 acres in Lakeway, TX.

  3217 Ranch Road 620 Rd N, Austin, TX 78734

  View Details
• 

  $2,450,000

  2,353 SF

  Prime Location Retail/Office Opportunity

  0.24-acre lot in Austin's medical district with retail zoning.

  1912 W 35th St, Austin, TX 78731

  View Details
• 

  $252,000

  Austin Quadplex Investment Opportunity

  East Riverside quadplex near River Park development. Great investment potential.

  1901 Crossing Place #3203, Austin, TX 78741

  View Details
• 

  $1,650,000

  6,020 SF

  New Austin Office/Warehouse Facility

  6,020 SF office/warehouse near Austin and Dripping Springs.

  10020 Darden Hill Rd 10, Austin, TX 78737

  View Details
• 

  $2,850,000

  Flex Industrial Portfolio with Three Buildings

  Three-building flex portfolio with office space, epoxy-floored warehouse areas, and fenced yard access near major Austin routes.

  13377 Fitzhugh Rd, Austin, TX 78736

  View Details
• 

  $1,595,000

  Luxury Garage Showroom Property

  Shell-condition luxury garage with soaring ceilings and open showroom space for automotive storage or collections.

  2203 PYRAMID Dr, Austin, TX 78734

  View Details

FAQs

What type of property is this?

Retail space - 13,183 SF retail building in the heart of East Austin.

Where is this retail space located?

The property is located at 702 Shady Ln Austin, TX.

What is the asking price?

The asking price for this property is $5,100,000.

What are key features of this property?

This property features: Current 10‑year absolute NNN lease with Wanderlust (commenced June 2021) provides stable, passive income.; 2. 5% annual rent escalations ensure increasing returns on investment.; Substantially improved in 2021, minimizing near‑term capital expenditures.