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Property profile & analytics
FOR SALE
Grocery and convenience stores

700 N Cuernavaca Dr Austin, TX 78733

2,040 SF 0.44 ac lot Built 1986
Entity Owned Absentee Owner Free & Clear
Property ID
US82-4755318
Property summary
AI-generated overview

This exceptional 1.93-acre commercial land parcel presents a rare development opportunity in Austin, Texas's affluent West Lake corridor. Located at 700 N Cuernavaca Dr, in the 78733 zip code, this property boasts a prime location with frontage on Cuernavaca Drive, offering convenient access to downtown Austin while maintaining a desirable suburban setting. Currently occupied by a gas station and coffee shop, the site is zoned CS-CO-MU-NP, allowing for diverse commercial development options. The property comprises five parcels totaling approximately 1.93 acres, making it one of the largest available commercial sites in the area. Surrounded by a thriving residential community, with over 8,743 units within a 3-mile radius and an average home price exceeding $686,750, this location offers significant potential for high returns. The area's demographics are highly favorable, with an average household income exceeding $237,320 within a 5-mile radius. This represents a last chance to acquire a development site of this size in this highly sought-after West Austin submarket. The existing tenants provide immediate income potential while allowing for future redevelopment plans. This is a truly unique opportunity to capitalize on the robust growth and high demand in one of Austin's most affluent neighborhoods.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1986
Construction CONCRETE
Total area 2,040 SF
Lot 0.44 ac (19,384 SF)
APN 129360107
UPID US82-4755318
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
  • Halalicious Restaurant
  • Primo Water Refill Big Box & Wholesale Store
  • Orlandi Valuta Bank Credit Union
  • Amazon Locker - Florencia Courier Service Postal Service
  • ATM (Neighborhood Store) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k
Owner & transaction history
LALEH INVESTMENTS LLC
LALEH INVESTMENTS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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