1022 Payton Gin Rd Austin, TX 78758-6721

This Austin, Texas shopping center presents a compelling value-add investment opportunity. The 7,416 square foot, single-story building is situated on a 0.854-acre lot (37,200 sq ft) at 1022 Payton Gin Rd, zip code 78758, in Travis County. Currently 100% occupied by nine tenants under a gross lease with a three-year term, the property boasts a strong Net Operating Income (NOI) of $90,375, yielding a 5.00% capitalization rate. Built in 1974, the center is zoned LR-NP (Neighborhood Commercial-Neighborhood Plan Combining District) and benefits from below-market rents, offering significant potential for rental income growth through tenant repositioning. Its prime location, less than 1,500 feet from the intersection of Payton Gin Rd and North Lamar Boulevard, and less than a mile from HWY 183, provides excellent accessibility. The property's proximity to Navarro High School (over 1,500 students) and a population exceeding 336,000 within a 5-mile radius underscores its strong market position within this rapidly growing area of Austin. The asking price is $1,807,517. No ground lease is in place, and tenant credit is not rated.