Current Use by Public Records
- M.C. Tires & Wheels / Auto Parts Store / Discount Store
- Ohiagu Chikezie CPA / Accounting Firm / Tax Preparation
Property Details for 5812 Manor Rd
- Year built
- 1938
- Lot size
- 0.22 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This exceptional Austin, Texas commercial property presents a compelling investment opportunity. Located at 5812 Manor Rd, Austin, TX 78723, this fee-simple property boasts a prime corner lot (0.216 acres) with CS-MU-V zoning, offering significant flexibility for redevelopment or continued operation as an auto shop. The property comprises two single-story buildings totaling 2,436 square feet of net rentable space, currently 100% occupied by a long-term tenant (over 10 years) generating a net operating income (NOI) exceeding $50,000. The asking price is $800,000, representing a compelling 6.26% cap rate. Built in 1938, the property benefits from an existing curb cut and a highly visible location across from a fast-food restaurant. The gross lease structure provides a stable income stream, with the current tenant open to remaining or vacating to facilitate redevelopment plans. This value-add opportunity allows for various uses within the permitted zoning, making it an attractive investment in a rapidly growing area. The property's strong cash flow and redevelopment potential make it an ideal asset for investors seeking both immediate return and long-term appreciation. The current tenant's long-term presence provides a stable income stream, while the zoning allows for a variety of future uses.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.6801
- Latitude
- 30.3063
