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    2121 Lynnbrook Dr Austin, TX 78748

    For Lease
    $65 SF/Yr

    Prime 5.21-Acre Retail Site with Existing Building

    Lot size:
    2,772 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 5.21-acre retail property is ideally situated in the vibrant Manchaca Bar District at the south end. The site boasts a two-story building constructed in 1995, offering immediate income potential. The property's strategic location is further enhanced by its site plan, which allows for the development of nine additional pad sites, each with a 2,500 square foot building envelope. This presents a unique opportunity for expansion and diversification of the property's income streams. The property features ample parking with 50 spaces available. A significant advantage is the proximity to a proposed 14-inch wide, fenced, and lighted pedestrian trail, Stinson Trail, which will connect the property to numerous popular bars and restaurants in the area, including Armadillo Den, Cosmic Coffee, Moontower, Lulu's, Lustre Pearl South, Drifter's, SABG, and more. This trail will significantly increase foot traffic and visibility. Furthermore, the property benefits from its location within the ETJ (Extra Territorial Jurisdiction), ensuring minimal zoning restrictions. The area is experiencing substantial residential growth, with over 1,000 residential units planned within a half-mile radius, guaranteeing a strong and expanding customer base. This property offers a rare combination of existing income, development potential, and prime location within a thriving entertainment district. The zoning is ETJ.

    Property Features for 2121 Lynnbrook Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,772 SF

    Building Details

    Year Built
    1995
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    2,772 SF
    Rate per SF
    $65

    HighLights

    • 5.21‑acre parcel in Manchaca Bar District.
    • Existing two‑story building.
    • Nine (9) pad sites planned.
    • Proposed pedestrian trail connecting to nearby bars and over 1,000 residential units.
    • 2,500 sq ft building envelope per pad site.
    • Located in ETJ with no restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pubs

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.831845385145
    Latitude
    30.16527053616

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    FAQs

    What type of property is this?
    Restaurant - Prime 5.21-Acre Retail Site with Existing Building
    Where is this restaurant located?
    The property is located at 2121 Lynnbrook Dr Austin, TX.
    What is the lease rate?
    The lease rate is $65 SF/Yr.
    What are key features of this property?
    This property features: 5.21-acre parcel in Manchaca Bar District.; Existing two-story building.; Nine (9) pad sites planned.
    Request Owner's contact information
    2121 Lynnbrook Dr Austin, TX 78748
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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
    2121 Lynnbrook Dr Austin, TX 78748
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