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Property profile & analytics
FOR LEASE
Strip malls

506 Congress Ave Austin, TX 78701

21,540 SF 0.19 ac lot Built 1935
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US82-2542377
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1935
Construction CONCRETE
Total area 21,540 SF
Lot 0.19 ac (8,228 SF)
APN 206030110
UPID US82-2542377
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • thirteen23 Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Kilter Fitness Gym & Fitness Center
  • Edelman Marketing & Advertising Advertising Agency
  • GMC Key Replacement Auto Repair Shop Vehicle Inspection Center
  • Ethos by thirteen23 Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
506 Yarings Equity LP · 6 yrs held
506 Yarings Equity LP
since 2020
3 recorded transactions
2023
Price N/A
2020
Price N/A
2001
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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