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    501 Congress Ave Austin, TX 78701

    Sponsored
    For Lease
    Contact for pricing

    Prime Austin location, multiple suites available

    Lot size:
    123,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail and restaurant opportunity is located at 501 Congress Ave in the heart of Austin's central business district, offering two available suites ranging from 7,663 to 12,524 square feet within a 123,000 square foot building. The property boasts a highly desirable location on Congress Avenue, Austin's main historical transport axis, and borders the vibrant Sixth Street entertainment and shopping district. Its prime location places it in close proximity to Austin's finest hotels. The building features ground floor and basement retail space, perfectly suited for a variety of commercial uses. A newly constructed parking garage adjacent to the building provides ample parking for tenants and customers, with a total of 297 spaces available. Currently, 20,157 square feet of space is vacant, presenting a unique opportunity for businesses seeking a prominent presence in Austin's thriving downtown core. The building is situated in Travis County, Texas, and offers a total of two suites. This is an exceptional opportunity to establish a business in one of Austin's most sought-after locations.

    Property Features for 501 Congress Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    123,000 SF

    Unit(s) available at that property

    Space
    Basement Retail Opportunity
    Size
    12,524 SF
    Space
    Ground Floor Retail
    Size
    7,663 SF

    HighLights

    • First‑floor and basement retail/restaurant space available.
    • High‑visibility retail space at 501 Congress Avenue in Austin's central business district.
    • 123,000‑square‑foot building.
    • Ground floor retail space ranging from 7,500 to 9,246 square feet.
    • Up to 12,524 square feet of basement retail space available.
    • Building features a central atrium.
    Property Profile Location Intelligence

    Current Use by Public Records

    Allen Edmonds Shoe Store Rialtes Technologies Software Company Vine Vault Wine Storage Facility Jeff Senter Law ... Attorney Morgan Law Firm Family Law Attorney

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7426039
    Latitude
    30.2672042

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    FAQs

    What type of property is this?
    Restaurant - Prime Austin location, multiple suites available
    Where is this restaurant located?
    The property is located at 501 Congress Ave Austin, TX.
    What are key features of this property?
    This property features: First-floor and basement retail/restaurant space available.; High-visibility retail space at 501 Congress Avenue in Austin's central business district.; 123,000-square-foot building.
    Request Owner's contact information
    501 Congress Ave Austin, TX 78701
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    Austin, TX 78701
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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
    501 Congress Ave Austin, TX 78701
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