Property Details for 4409 Menchaca Rd

Property size

1,965 SF

Property type

Office properties & Spaces

Property subtype

Medical Office Space

Description

This 1,965-square-foot office building, located at 4409 Menchaca Rd in Austin, Texas, presents a compelling owner-user opportunity. The property, zoned LO-V-NP, sits on a 9,692.1 square foot lot and boasts a prime location on a high-traffic corridor with an estimated 25,815 vehicles passing daily, ensuring excellent visibility. Currently operating at 100% occupancy, the building offers a strong net lease opportunity with an asking price of $900,000, representing a $458.02 per square foot price and a 5.50% cap rate. Built in 1978, the property has undergone two complete renovations, once in the late 1990s and again in 2020, ensuring modern functionality. The building provides ample parking with 10 spaces (5 per 1,000 square feet). Its versatile design suits various uses, including creative office, executive office, and medical office spaces. The convenient location offers walkability to nearby amenities such as Radio Coffee & Beer, El Chilito, and Gold's Gym, enhancing its appeal. This Class C building presents a rare opportunity to acquire a fully occupied, renovated property in a thriving South Austin location.

Location Insight

City

Austin

County

Travis

State

Texas

Longitude

-97.7887

Latitude

30.2288