500 5th St Austin, TX 78701-3726
- Retail space
- 1,729 SF
- 0.06 lot acres
Current Use by Public Records
- Club 420 ATX. Dispensary and Lounge. / Night Club
- Endeavor Real Estate Group / Commercial Real Estate Agency / Property Management Company
- Mitchell, Williams, Selig, Gates & Woodyard, PLLC / Law Firm / Insurance Attorney
- Miller Lloyd PC / Law Firm
- Fixe Wearables / Men'S Clothing Store
Property Details for 500 5th St
- Year built
- 1995
- Construction
- CONCRETE
- Lot size
- 0.06 lot acres
- Property size
- 1,729 SF
- Property type
- Retail space
- APN
- 206040501
- APU
- 206040501
Description
This exceptional executive office space, located at 500 W 5th St in Austin, Texas, presents a unique opportunity for a single tenant. The property, known as IBC Bank Plaza, boasts a total of 4,234 square feet of readily available space, making it ideal for a business seeking a prominent location in the heart of Travis County. The entire building is currently vacant, offering complete customization potential for the incoming tenant. The building features ample parking with 10 spaces available for the exclusive use of the occupant. This single-tenant occupancy ensures privacy and control over the entire premises. The address, 500 W 5th St, places the property in a highly desirable area of Austin, offering excellent visibility and accessibility. The zip code is 78701. This is a prime opportunity to establish a sophisticated and efficient workspace in a thriving Texas city. The property is classified as an Executive Office building, reflecting its high-quality construction and amenities. The building's size and parking provisions make it suitable for a variety of businesses, from small professional firms to larger organizations requiring a dedicated and prestigious office environment. This is a rare chance to secure a complete, move-in ready office building in a prime Austin location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $315,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $505,000
- 6.5%
- $470,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $211,000
Market price range: $118k - $255k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.7383
- Latitude
- 30.266
- CBSA code
- 12420
- CBSA name
- AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA