2500 William Cannon 305 Austin, TX 78745

Property Details for 2500 William Cannon 305

Year built

2010

Property size

1,375 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional 4,783 square foot medical office suite, located at 2500 W William Cannon Dr #305, Austin, TX 78745, presents a unique investment opportunity. Situated within the Stonegate Two development, a Class B building constructed in 2010, this single-tenant property boasts a desirable location in South Austin, offering high visibility and accessibility. Currently configured as a turnkey medical office space with two operating rooms, a spacious reception area, ample administrative space, a break room, nurse's station, two restrooms, and twelve office/exam rooms, the suite is easily adaptable to various medical or office uses. The property features timeless finishes and benefits from the development's ample medical parking (1:200 ratio). With an asking price of $1,850,000 ($397.24/sq ft), this property offers a strong return on investment. The space can be subdivided into approximately 1,375 and 3,408 square foot units, providing flexibility for future tenants or expansion. Occupancy is available January 1, 2025. The property is part of a larger 120,000 square foot development with a history of successful medical tenants, ensuring a strong medical synergy. The location enjoys high traffic counts (31,000 CPD on William Cannon) and a large population within a 5-mile radius (over 275,000 people). The property is zoned LO-CO-NP. This is a 100% ownership opportunity.