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    316 Congress Ave Austin, TX 78701

    For Lease
    $12 SF/Yr ($14,770 /Mo)

    Prime Austin location, two suites available.

    Lot size:
    14,770 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail property, located at 316 Congress Ave in the heart of Austin, Texas, offers 14,770 square feet of prime commercial space currently fully vacant and available for lease. The property is divided into two suites, providing flexibility for multiple tenants or a single large occupant. Each suite offers a substantial amount of space, with a minimum divisible space of 6,780 square feet and a maximum contiguous space of 7,990 square feet. This allows for a variety of business models and sizes to thrive in this vibrant Austin location. The property's address, 316 Congress Ave, places it in the center of Austin's bustling downtown area, providing unparalleled access to foot traffic, public transportation, and a dense concentration of businesses and residents. Situated in Travis County, zip code 78701, this property benefits from a highly desirable and sought-after address. The entire 14,770 square feet is currently available, presenting a unique opportunity for a single tenant seeking a large, prominent space or for multiple tenants looking for complementary businesses in a shared location. This is an unparalleled opportunity to establish a presence in one of Austin's most dynamic commercial districts. Contact us today to learn more about leasing this exceptional retail space.

    Property Features for 316 Congress Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,770 SF
    Total Rate
    14770

    Unit(s) available at that property

    Space
    Second Floor
    Size
    7,990 SF
    Rate per SF
    $12
    Space
    First Floor
    Size
    6,780 SF
    Rate per SF
    $12

    HighLights

    • 14,770 SF of retail space available for lease at 316 Congress Ave, Austin, TX 78701.
    • First‑floor suite: 6,780 SF available January 1, 2025.
    • Second‑floor suite: 7,990 SF available now.
    • Asking rent: $12/SF, NNN.
    • Historic building with potential rooftop patio.
    • Rare opportunity to lease a large, single‑tenant space in downtown Austin.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Unite Asphalt Paving ... Asphalt Contractor Patagonia Sportswear Store

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Realty agency Nail Salon Food Market Clothing Store Grocery 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
    -97.7439195
    Latitude
    30.2660066

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    FAQs

    What type of property is this?
    Retail property - Prime Austin location, two suites available.
    Where is this retail property located?
    The property is located at 316 Congress Ave Austin, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 14,770 SF of retail space available for lease at 316 Congress Ave, Austin, TX 78701.; First-floor suite: 6,780 SF available January 1, 2025.; Second-floor suite: 7,990 SF available now.
    Request Owner's contact information
    316 Congress Ave 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
    316 Congress Ave Austin, TX 78701
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