2900 Guadalupe StAustin, TX 78705

For Sale
$3,000,000

High-traffic Guadalupe St. storefront

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Austin retail storefront, located at 2900 Guadalupe St, offers a compelling investment opportunity. The 3,193 square foot building, constructed in 1933 and renovated in 2018, sits on a 0.15-acre lot. Currently leased to Shoe Palace (Nice Kicks), a well-established retailer, the property boasts a strong net operating income (NOI) of $222,891. The asking price is $3,000,000. Situated on Guadalupe Street, near the University of Texas at Austin, this location benefits from high foot traffic and convenient access to major roadways like IH-35 and Mopac Expressway. The property's prime location in a thriving Austin neighborhood, coupled with the tenant's strong performance, presents a promising investment with significant future appreciation potential. The area's robust demographics and Austin's continued growth as a tech and cultural hub further enhance the investment's appeal. This is a rare chance to acquire a well-established retail property in a dynamic and desirable location. The building's recent renovation ensures modern functionality and aesthetic appeal. The lease provides a stable income stream, making this an attractive option for investors seeking a secure and profitable investment in the heart of Austin, Texas.

Highlights

  • Prime Austin retail storefront at 2900 Guadalupe St., a 3,193 SF building on a 0.15-acre lot, renovated in 2018.
  • Located on Guadalupe Street ("The Drag"), adjacent to the University of Texas, with excellent foot traffic and access to IH-35 & Mopac.
  • Currently leased to Shoe Palace (Nice Kicks) with a strong NOI of $222,891 and an asking price of $3,000,000.
  • Strong future appreciation potential due to Austin's growth as a tech and cultural hub.

Property Details for 2900 Guadalupe St

Property type
Other retail properties, Individual retail properties
Square Feet
3,193 SF
Year Built/Renovated
1933/2018
Lot Size (sq. ft)
6,534 SF

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.29550070936
Longitude
-97.742832132758
2900 Guadalupe St, Austin, Texas

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2900 Guadalupe St
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