48 East Ave Austin, TX 78701
- Hospitality properties
- 1,121 SF
Current Use by Public Records
- Whole Foods / Supermarket
- sidingcontractorsaustin / Contractor
- Austin Condo Hotel / Hotel
- Cuvee Coffee / Breakfast Restaurant / Cocktail Bar
- Rachel Bryant Co / General Contractor
Property Details for 48 East Ave
- Year built
- 2022
- Property size
- 1,121 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This 1,121 square foot, fully furnished hotel condo in Austin, Texas, presents a unique investment opportunity. Located at 48 East Avenue, 78701, this 2022-built unit boasts hotel zoning, allowing for lucrative short-term rentals. The property includes access to exceptional amenities such as a 24-hour concierge, valet parking, co-working spaces, a lobby coffee bar, an 18,000 square foot tenth-floor terrace and garden, and a rooftop pool with cabanas, lounge seating, a fireplace, and panoramic city views. The unit's contemporary design and prime location in the vibrant Rainey Street district ensure high demand and a strong return on investment. This is a chance to own a piece of Austin's thriving hospitality market, offering a blend of luxury living and significant income potential. The asking price is $1,195,000, with a price per square foot of $1,066.01. The property is zoned for hotel use.
Value Estimation
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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
- -97.7388
- Latitude
- 30.2565
