5115 Lamar BlvdAustin, TX 78751

For Sale
$2,000,000

Austin, TX: Prime location, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property at 5115 N Lamar Blvd in Austin, Texas, presents a lucrative investment opportunity. The 5,834 square foot building boasts a blend of storefront retail and apartment spaces, currently operating at 100% occupancy under a gross lease. Classified as a Class B property, it offers a strong 12.00% capitalization rate and is priced at $2,000,000 ($282.82 per square foot). The property sits on a 0.25-acre lot and includes 10 parking spaces. The building's income is further enhanced by an existing billboard generating $12,000 annually. Located in Travis County, zip code 78751, this single-tenancy property is ideal for owner-occupants seeking a cost-effective alternative to renting, with owner financing options available with a 10% down payment and lease-to-buy options also considered. The property has recently undergone renovations.

Highlights

  • 5,834 SF mixed-use building in Austin, TX, currently 100% occupied under a gross lease.
  • Class B property with a 12% cap rate, priced at $2,000,000 ($282.82/SF).
  • 0.25-acre lot with 10 parking spaces and a billboard generating $12,000 annual income.
  • Located at 5115 N Lamar Blvd, Austin, TX 78751; owner financing with 10% down and lease-to-buy options considered.
  • Recently renovated.

Property Details for 5115 Lamar Blvd

Property type
Other retail properties, Individual retail properties
Square Feet
5,834 SF
Class
B

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.31914887
Longitude
-97.73056428
5115 Lamar Blvd, Austin, Texas

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5115 Lamar Blvd
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