13740 Research Blvd Austin, TX 78750

Property Details for 13740 Research Blvd

Property size

3,000 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional investment opportunity presents four connected office condos totaling 3,000 square feet within the well-maintained Lake Creek Office Park in Austin, Texas. Located near the intersection of Highway 183 and Lake Creek Parkway, this property boasts convenient access and high visibility. Each of the four units features multiple offices, private bathrooms, and kitchenettes, offering flexible space configurations ideal for various business needs. Independently metered with individual HVAC systems, these units provide efficient utility management. The property benefits from ample parking and is strategically positioned near the southwest quadrant of the Highway 45 (620) and Highway 183 (Research Boulevard) interchange, with nearby restaurants within walking distance. Currently generating rental income with leases ranging from one to four years, this presents a strong cash flow opportunity. Buyers have the option to purchase one or all four units. The low-maintenance aspect is further enhanced by the Lake Creek Office Condo Park HOA, which covers nearly all exterior maintenance and insurance. The property was renovated in 2020 and is classified as Class C. The APN is R061766. This is a multi-tenant, owner-user investment opportunity priced at $730,000 ($243.33 per square foot). The single-story building is situated on a one-building site.