7% Cap Iconic Austin Retail | Office 12,313 SF 1.39 AC Indian Motorcycle Bldg
$4,500,000
2401 Interstate 35, Austin, TX 78741
For Sale
Retail
Unknown Sub Type
Active
Last Updated: 02/13/2025
7
Cap Rate
315,000
NOI
Details:
Cap Rate: 7%
NOI: $315,000
Building Size: 12,313 sqft
Lot Area: 1.39 acres
Price Per Sqft: $365.47
Parking Spots: 52
Highlights:
- Prime Investment Opportunity: Fully-leased property delivering a steady 7% CAP rate with cash flow secured through March 2026.
- Flexible Use Potential: Ideal for retail, office space, showroom, or creative studio space.
- Significant Remodel: $400,000 remodel by renowned Dick Clark Architecture firm elevating the property’s design and appeal.
- Strategic Location: -9 minutes (7.2 miles) to Austin-Bergstrom International Airport (ABIA). -14 minutes (10.3 miles) to Tesla Gigafactory. -10 minutes (4 miles) to downtown Austin via I-35.
- Opportunity Zone Benefits: Tax advantages and investment incentives for qualifying businesses and investors.
- Generous Parking: 52 parking spaces with a 4.22/1,000 SF ratio, accommodating high-traffic retail or office tenants.
- Visible and Accessible: Prominent signage visible from I-35 ensures excellent exposure and branding opportunities.
- Spacious and Versatile Layout: 12,313 SF of leasable area, accommodating a variety of tenant needs.
- Solid Financials: -Net Operating Income (NOI): $315,000/year. -Operating Expenses: $11.09 PSF ($136,438.17/year).
- Investment Highlights: Offered at $4.5M ($365.47/SF), this is a rare chance to own a remodeled, fully-leased, and income-producing property in one of Austin’s hottest growth corridors.
- High-Traffic Corridor: Situated on a 1.39-acre lot in a bustling area with high demand for retail and commercial space
- Perfect for owner-users or investors looking for a stable, cash-flowing asset with future redevelopment potential in a thriving market!
Documents:
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Offering Memorandum |
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