1606 Headway CirAustin, TX 78754

For Sale
$5,200,000

27,500 SF, Multi-Tenant, Owner/User Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • Rare Austin, TX Value-Add Industrial Opportunity
  • Recent Capital Improvements: New Exterior Paint (2024), Roof & Parking Lot (2019)
  • Below Replacement Cost: $189/SFG
  • Tilt-Wall Construction with Open Floor Plan
  • Excellent Highway Access (Hwy 183 & I-35)
  • Owner-User or Investor Opportunity; Flexible Lease Terms

Property Details for 1606 Headway Cir

Property type
Other warehouses, Other office properties
Square Feet
27,500 SF
Year Built
1983
Lot Size (sq. ft)
67,518 SF

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.333818417416
Longitude
-97.68317108464
1606 Headway Cir, Austin, Texas

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1606 Headway Cir
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