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Class AA Office Space with Amenities
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98 Red River St, Austin, TX 78701

Class AA office space spanning multiple floors with extensive indoor and outdoor amenity offerings.

Property Size28,104 SF
Days on Market891

Property Features for 98 Red River St

General Information

Standard status Active
Size 28,104 SF
Net Rentable 703,000 SF
Total Parking Spaces 1197
Property subtype OFFICE

Additional Details

Space Use Office

Amenities

Lobby
Gym
Library
Lounge
Meeting Spaces
Conference Room
Storage & Prep Kitchen
Bar
Team Building Spaces
Focus Rooms
Collaboration Rooms
Training Rooms
Terrace
Walks
Gathering Spaces

Building Details

Building Size 703,000 SF
Parking Ratio 2 per 1,000 SF
Listing Agency: Lincoln Property Company | Austin
Listed By: Andrew E. Smith
Source: Moodyscre
Added: Feb 22, 2024 Changed: Jul 30 Last Checked: Jul 31 at 10:14AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lincoln Property Company | Austin

Investment Insights

Based on property information with market context.

Waterline is a Class AA office building offering 26 floors of office space (L14–L39). The property is configured with 27,904 RSF average floorplates, totaling 703,000 RSF.

The building includes 1,197 parking spaces, with a 2.0/1,000 parking ratio. Amenity programming totals 28,000 SF of indoor space and features a lobby, gym, library, lounge, meeting spaces, conference room, storage & prep kitchen, bar, team building spaces, focus rooms, collaboration rooms, and training rooms. Additional outdoor amenities include a 24,000 SF amenity deck with terrace, walks, and gathering spaces.

Located at 98 Red River St in Austin, the building’s access and amenity mix support both day-to-day workplace use and tenant events across common indoor and outdoor spaces.

Key Highlights

  • 26 floors of Class AA office space (L14–L39)
  • 27,904 RSF average floorplates
  • 703,000 RSF total building size

Property Analytics

Current Use

Waterline Austin Condominium Complex

Suggested Use

Top Pick Butcher Pet Grooming Service (Bike/Boat/Book/etc) Store Mobile Phone Store Fish Market Farmer's Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

6,855
Businesses Nearby

Demographics for 78701, TX

11,625
Population
8,021
Households
1.4
Avg Household Size
38
Median Age
81%
College-Educated
96%
High-School Grad
1.5 sq mi
ZIP Area
7,750
Density / Sq Mi
$154,867
Median Household Income
$106,932
Median Earnings
$2,732
Median Rent
$653,600
Median Home Value

Market

Lease Benchmarks for Austin, TX

$30.45 /SF/Yr
Avg Asking Price
$21–$47 /SF/Yr
Price Range
38,644 SF
Avg Space Size

Vacancy Rate% for Office in Austin, TX

9.1% 2019
17.1% 2020
18.7% 2021
21.8% 2022
27.1% 2023
29.8% 2024
29% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Class AA office space spanning multiple floors with extensive indoor and outdoor amenity offerings.
Where is this office building located?
The property is located at 98 Red River St Austin, TX.
What are key features of this property?
This property features: 26 floors of Class AA office space (L14–L39); 27,904 RSF average floorplates; 703,000 RSF total building size
(512) 322-3225 Call to check price and availability
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