UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Pending
Purchase Type For Sale
Square Footage 26,594 sqft
Price per Sqft $300
Subdivision One Park Place 02
MLS Listing ID 7477369
Year Built 1982
Annual Tax Amount $106,256
Tax Year 2023
Lot Size 1.660 Acres
Acres 1.66
Property Sub-Type Office
Source actris
Property Description
Strategically located in the South Austin Submarket of Austin's MSA, only a few miles from the pulsating downtown district, vibrant SOCO, the ever-evolving South Lamar District, the anticipated $1B Brodie Oaks Redevelopment project, and being just 8 miles from ABIA, One Park Place is a magnet for businesses keen on tapping into Austin's younger, more affluent, and increasing Gen Z workforce in the 04' zip code, and surrounding area.
This understated, oak-covered lot showcases a 26,594 sq ft office building with over $1.5 million invested in recent upgrades/renovations in an entirely new HVAC system, electrical work throughout, new duct installation, a new Water Sys. Config. for optimal efficiency, a new roof, interior upgrades, & a brand new BAS system for centralized control. The Seller thoughtfully renovated the building, leaving room for value-add enhancements and easy buildouts utilizing the naturally-illuminated open-concept layout, elevated 10'-12' ceilings, removal of flooring down to the concrete sub-floor, and favorable floor plans, to easily increase value & cash flow with minimal upfront costs.
The flexibility and adaptability of the blank canvas space in general, and the Limited Office (LO) Zoning designation within the thriving area of 78704 would unquestionably solicit any Owner/Occupant, Medical Office Space utility (right across from the St. David's South Medical Complex), a Surgery Center/Ambulatory Clinic, any new or existing business seeking massive Brand exposure through high-visibility marketing, an Investor looking for value in a rebounding sector, a multi-tenant play, or any business that benefits from the unparalleled building signage opportunity on multiple sides.
Location
State TX
County Travis
Zoning Zoning - Limited Office (LO) Land Use - General Office Code - 3003
Interior
Heating Central, ENERGY STAR Qualified Equipment, ENERGY STAR/ACCA RSI Quality Install, Heat Pump, Hot Water, Humidity Control, See Remarks
Cooling Central Air, ENERGY STAR Qualified Equipment
Flooring Concrete
Fireplace No
Exterior
Utilities Available Cable Available, Electricity Connected, High Speed Internet, Natural Gas Available, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
View City, City Lights, Downtown, Panoramic, Skyline, See Remarks
Total Parking Spaces 82
Building
Story 4
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Concrete,Glass,Spray Foam Insulation,Plaster
New Construction No
Others
Special Listing Condition Standard
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