$2,700,000
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1,316 SqFt
SOLD DATE : 11/10/2023
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 1,316 sqft
Price per Sqft $1,859
Subdivision South Park Sec 01
MLS Listing ID 7580659
Sold Date 11/10/23
Originating Board actris
Year Built 1957
Annual Tax Amount $25,611
Tax Year 2022
Lot Size 0.345 Acres
Property Description
Seller motivated! Unique opportunity for investors! Be part of the massive growth of industry in Austin with this PRIME south central property on the corner of S 1st Street and Powell Circle. Listed $400k below recent appraisal and located in the HOT 78704 zip code, S 1st Street is quickly becoming the new South Congress with the rapid growth of new mixed-use condominium/retail developments of all price ranges! South 1st is a major traffic artery and is enjoying a renaissance as redevelopment has been occurring. The property is currently being used as a retail facility; the existing retail building is tenant-occupied with neighborhood vehicle inspection/equipment rental retail businesses. Tenants currently pay $9,000 per month. The property is zoned CS-V-CO-NP with frontage shape and size adequate for small or possibly medium-scale development. The site has adequate drainage to remove groundwater yet built up to where it is generally level, sloping slightly to the north and east. All utilities available! Recent appraisal/property survey/condition statement available.
Location
State TX
County Travis
Zoning CS-V-CO-NP: The property identified is subject to Chapter 25-2, Subchapter E, Article 4.3 (Vertical Mixed Use Buildings)
Interior
Heating See Remarks
Cooling See Remarks
Flooring Concrete
Fireplace N
Exterior
Utilities Available See Remarks
Waterfront No
View None
Accessibility Accessible Doors
Parking Type Concrete, Garage Faces Front, On Site, Paved, Workshop in Garage
Total Parking Spaces 15
Building
Foundation Concrete Perimeter
Sewer See Remarks
Water Public
Structure Type Concrete,Masonry – Partial,Vinyl Siding
New Construction No
Others
Restrictions None
Acceptable Financing Cash, Conventional, FHA
Tax Rate 2.1767
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
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