119 8Th St Austin, TX 78701
This exceptional two-story, 17,104 square foot creative office building, located at 119 W 8th St in Austin, TX 78701, presents a rare opportunity. Situated on a 0.21-acre lot (8,970 sq ft) in the heart of Downtown Austin's CBD submarket, at the southeast corner of 8th and Colorado Streets, this Class B property offers unparalleled convenience and visibility. Built in 1935 and extensively renovated in 2024, the building boasts a stunning new brick façade, updated storefront windows, and refreshed stucco parapet and exterior lighting. The property features a minimum divisible space of 3,962 square feet and a maximum contiguous space of 7,925 square feet, currently offering 7,925 square feet of vacant space. With its prime location just one block from Congress Avenue's vibrant amenities, including the Paramount Theater, Upstairs at Caroline's, the Contemporary Austin - Jones Center, and numerous restaurants, this property is ideal for retail or office users seeking ground-level direct entry. The property is zoned CBD and has a total of two suites. Annual property taxes are $3.96 per square foot. While there are no on-site parking spaces, the building's central location provides easy access to various parking options. This is a truly unique opportunity to secure a highly desirable space in the dynamic Austin market.
-
knox photographics (Bike/Boat/Book/etc) Store Photography Service
-
Nelsen Partners, Inc. Architect Interior Designer
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.