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    1308 12Th St Austin, TX 78702

    Sponsored
    For Sale
    $2,250,000

    Prime Redevelopment Opportunity: Two Buildings, 0.32 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity encompasses two buildings situated on a 0.32-acre lot at 1308 & 1310 E 12th St, Austin, TX 78702. The property, zoned CS-MU-NCCD-NP, presents a unique chance to capitalize on the vibrant East Austin market. Built in 1930 and 1967, the existing single-story structures offer a blank canvas for creative vision. The location within the East 12th Street Business District provides immediate access to a diverse mix of established businesses, including restaurants (The Original New Orleans Po-Boy and Gumbo Shop, Sam's BBQ, Galloways Sandwich Shop), retail shops, and service providers (Altatudes, Ideal Barber Shop, Linder Insurance). Proximity to popular Austin destinations like Franklin BBQ, Hillside Farmacy, Trona, The Chicon, Full Circle Bar, and Hoovers further enhances the property's appeal. The area also boasts numerous multifamily developments, including The Avenir, Eleven by Windsor, and AMLI Eastside, indicating strong residential growth and demand. This prime location and flexible zoning offer significant potential for a variety of development projects, making this a compelling investment opportunity for $2,250,000. The property's history and its position within a rapidly evolving neighborhood combine to create a truly unique and promising investment.

    Property Features for 1308 12Th St

    General Information

    Property type
    Office space
    Lot Size
    13,939 SF

    Building Details

    Buildings
    2
    Stories
    1

    HighLights

    • Excellent location in Austin's historic East 12th Street Business District.
    • Strong retail presence with diverse businesses including barbershops, beauty salons, and convenience stores.
    • Abundant food and beverage options, featuring Southern cuisine and popular local eateries.
    • Proximity to renowned Austin restaurants and bars.
    • Surrounded by numerous multifamily developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    PUNK ROCK LOTTERY ... Event Management Company

    Suggested Use

    Realty agency Law Firm Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7259877
    Latitude
    30.2730055

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    FAQs

    What type of property is this?
    Office space - Prime Redevelopment Opportunity: Two Buildings, 0.32 Acres
    Where is this office space located?
    The property is located at 1308 12Th St Austin, TX.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: Excellent location in Austin's historic East 12th Street Business District.; Strong retail presence with diverse businesses including barbershops, beauty salons, and convenience stores.; Abundant food and beverage options, featuring Southern cuisine and popular local eateries.
    Request Owner's contact information
    1308 12Th St Austin, TX 78702
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    Austin, TX 78702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1308 12Th St Austin, TX 78702
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