5016 Cesar Chavez St Austin, TX 78702-5140
- Warehouses
- 7,458 SF
- 1.34 lot acres
Current Use by Public Records
- Warehouses
Property Details for 5016 Cesar Chavez St
- Year built
- 1950
- Construction
- CONCRETE
- Lot size
- 1.34 lot acres
- Property size
- 7,458 SF
- Property type
- Warehouses
- APN
- 201150203
- APU
- 201150203
Description
Discover a prime East Austin redevelopment opportunity encompassing a 1.34-acre lot featuring three existing buildings totaling 10,230 square feet. This exceptional property, located at 5016 E Cesar Chavez St in Austin, Texas (zip code 78702), presents significant potential for various commercial ventures. The site benefits from its strategic location within a rapidly growing area, designated as an opportunity zone. The existing structures offer flexibility, with Building 1 measuring 7,458 square feet, Building 2 at 1,652 square feet, and Building 3 at 1,120 square feet. The property is zoned CS-CO-NP, allowing for a range of uses. The lease type is NNN, and the tenancy is single. Built in 1950, this property offers a unique blend of history and future potential. The expansive lot size and existing buildings provide ample space for creative redevelopment projects, making it an ideal investment for those seeking a high-impact commercial venture in a thriving Austin neighborhood. This is a rare opportunity to acquire a substantial property in a highly desirable location. The property is offered with a month-to-month lease option.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $410,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $676,000
Market price range: $272k - $677k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $440,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $540,000 Change: +22% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.6993
- Latitude
- 30.252
- CBSA code
- 12420
- CBSA name
- AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA