Historic Georgetown Square Retail
820 S Austin Ave, Georgetown, TX 78626
For Sale
$1,550,000
1923-era storefront building with high ceilings and a mezzanine, positioned on Georgetown Square for walk-in retail.
Property Size2,500 SF
Price / SF$626.26
Days on Market157
Property Features for 820 S Austin Ave
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listed By:
James Wolf · License #0596048
(512) 966-0117
Source:
Elliman
Added: Jun 3
Changed: Aug 8
Last Checked: Aug 25 at 4:10AM
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 James Wolf
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Investment Insights
Based on property information with market context.
Built in 1923, this Georgetown Square retail building offers 2,475 SF within a historic downtown setting. The space features high ceilings and includes a mezzanine, providing additional usable area and a distinctive architectural character.
The building is located at 820 S Austin Ave, on Georgetown Square. It benefits from the walkable downtown environment associated with the Square.
This property may be a strong fit for owner-operators or buyers seeking a heritage retail location with an internal mezzanine. With owner financing available to qualified buyers, it can also be considered by investors looking for an acquisition structure that does not rely solely on traditional lending.
The building is located at 820 S Austin Ave, on Georgetown Square. It benefits from the walkable downtown environment associated with the Square.
This property may be a strong fit for owner-operators or buyers seeking a heritage retail location with an internal mezzanine. With owner financing available to qualified buyers, it can also be considered by investors looking for an acquisition structure that does not rely solely on traditional lending.
Key Highlights
- 1923‑era storefront building with 2,475 SF on Georgetown Square
- High ceilings and a mezzanine
- Positioned on Georgetown Square for walk‑in retail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,580
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,600
$871.6K
Cap Rate 7%
$622,571
$622.6K
Cap Rate 9%
$484,222
$484.2K
Market Conditions
NOI Build-Up for 2,475 SF
Gross rent
$64.4K $26.04/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$62.3K $25.15/SF
− OpEx
−$18.7K −$7.55/SF
NOI
$43.6K $17.61/SF
Area
Williamson County, 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%
$871,600
Cap Rate 7%
$622,571
Cap Rate 9%
$484,222
Alternative Uses
Best Use
Retail
$622.6K
$544.8K – $726.3K
NOI $43,580 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$905.3K – $1.21M
NOI $72,423 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,720
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78626, TX
39,935
Population
16,866
Households
2.4
Avg Household Size
34
Median Age
36%
College-Educated
90%
High-School Grad
88.6 sq mi
ZIP Area
451
Density / Sq Mi
$94,967
Median Household Income
$44,955
Median Earnings
$1,752
Median Rent
$358,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Storefront properties in Williamson County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- TPH COFFEE & FLOWERS — 904 W University Ave #115, Georgetown, TX 78626
- Flower Bells — 507 Walnut St, Georgetown, TX 78626
Frequently Asked Questions
What type of property is this?
Storefront property - 1923-era storefront building with high ceilings and a mezzanine, positioned on Georgetown Square for walk-in retail.
Where is this storefront property located?
The property is located at 820 S Austin Ave Georgetown, TX.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 1923‑era storefront building with 2,475 SF on Georgetown Square; High ceilings and a mezzanine; Positioned on Georgetown Square for walk‑in retail
