2404 Rio Grande St Austin, TX 78705
Historic property in West Campus with development and investment opportunities.
Property size:
3,812 SFLot size:
0.33 AcresProperty Features for 2404 Rio Grande St
General Information
- Size
- 3,812 SF
- Lot size
- 0.33 Acres
Source:
Moodyscre
Listing Agent: Marshall Durrett
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Historic Austin Property with Development Potential
The Parker House is a historic residence located in the West Campus submarket of Austin. Constructed in 1911, according to the Travis Central Appraisal District, the property is designated as a historic structure, offering protection against demolition or extensive renovations without approval from the city's Department of Historic Preservation. The garage apartment, added in 1957, is identified as a teardown. The property offers proximity to the University of Texas, Downtown, Shoal Creek Greenbelt Trail, and local retail, bars, and restaurants. The site has ample space for potential construction of a low-rise structure. Versatile prospects range from a coffee house to a prospective bar (pending zoning approval) or an office space, all subject to tasteful integration and approval from historical preservation authorities. Other potential uses include student housing, condominiums, or a boutique hotel. The property presents a buy-and-hold investment opportunity, complete with ample parking. Situated just north of West 24th Street, a pivotal secondary corridor connecting the University of Texas from west to east, the property has a size of 3812 square feet. The West Campus submarket has consistently displayed robust demand for sites conducive to student housing development. Despite the dated nature of existing buildings, the demand for neighborhood office space remains resilient, with low vacancies and infrequent changes in ownership.
Location Intelligence
Current Use by Public Records
512 Living
Real Estate Agency
The Prelease Pro
Real Estate Agent
Aspen Parrott - Realtor®
Real Estate Agent
Metro Realty
Property Management Company
West Campus Living
Real Estate Consultant
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Hays
- State
- Texas
- Longitude
- -97.7448854
- Latitude
- 30.2885291
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FAQs
What type of property is this?
Office space - Historic property in West Campus with development and investment opportunities.
Where is this office space located?
The property is located at 2404 Rio Grande St Austin, TX.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: - Prime location in Austin's West Campus, near the University of Texas, Downtown, and Shoal Creek Greenbelt Trail.; - Versatile development potential: explore student housing, condominiums, boutique hotel, or office space.; - Opportunity for construction of a low-rise structure.