1606 Headway CirAustin, TX 78754

This exceptional 27,500-square-foot industrial/office building, situated on a 1.55-acre lot at 1606 Headway Circle in Austin, Texas (zip code 78754), presents a compelling owner-user or value-add investment opportunity. Built in 1983, the property boasts durable tilt-wall construction and an open floor plan, ideal for a variety of uses. The building features a multi-tenant occupancy and offers a strong net operating income (NOI) of $300,000, with an asking price of $5,200,000 ($189.09 per square foot). Recent improvements include new exterior paint (2024), a new roof, and a resurfaced parking lot (2019). Strategically located in the highly desirable Walnut Creek Business Park, this property benefits from immediate access to major highways (Hwy 183 and Hwy I-35), and a strong demographic profile with a 3-mile population of 135,000 and an average household income of $94,000. The current multi-tenant lease provides flexibility for a new owner. This below-replacement-cost offering represents a rare value-add industrial opportunity in the thriving Austin market. The property is classified as Industrial, Office, with subtypes including Warehouse, Flex, and Traditional Office.