506 Congress Ave Austin, TX 78701
For Lease
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This exceptional creative office space, located at 506 Congress Avenue in the heart of Austin, Texas, offers 9,709 square feet of immediately available space within a larger 18,761 square foot building. The property is designated as a multi-tenant building, perfect for a growing company seeking a vibrant and collaborative work environment. The address is highly desirable, situated in Travis County, with easy access to Austin's thriving downtown area and its numerous amenities. The building provides ample parking, with a ratio of 3 spaces per 1,000 rentable square feet. This presents a unique opportunity for businesses seeking a prominent Austin location with significant space to accommodate expansion or a flexible layout to suit specific needs. The property type is officially classified as an office building, specifically a creative office space, suggesting an open and adaptable floor plan. The zip code is 78701. This listing is for lease and offers a substantial amount of space in a prime Austin location. The available space totals 9,709 square feet, providing ample room for a variety of business configurations. The building's total square footage is 18,761 square feet. This property is an excellent choice for businesses looking to establish or expand their presence in Austin's dynamic market. The convenient location and ample parking make this a highly attractive option.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.