7616 Interstate Hwy Austin, TX 78752
- Office Properties & Spaces
- 109,336 SF
- 7.84 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 7616 Interstate Hwy
- Year built
- 1973
- Lot size
- 7.84 lot acres
- Property size
- 109,336 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents two, three-story Class B office buildings totaling 109,336 square feet on a 7.84-acre lot in Austin, Texas. Located at 7616 N Interstate Hwy 35, zip code 78752, this multi-tenant property boasts 487 parking spaces and a desirable NNN lease structure. Built between 1973 and 1975, the buildings offer a strong return on investment at $116.61 per square foot. The property is situated in a designated Opportunity Zone, providing significant tax advantages. Each building is individually platted, allowing for flexible ownership and potential for future individual sales. Currently occupied by a single tenant, this owner/user investment presents a compelling opportunity in a prime Austin location at the intersection of I-35 and Hwy 183. The substantial lot size and strategic location within a thriving area of Austin make this a rare and highly attractive asset. The property offers a stable income stream with the potential for significant future appreciation. This is a unique chance to acquire a well-maintained office complex with considerable upside potential in a rapidly growing market.
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
- -97.7026
- Latitude
- 30.3387
