48 East AveAustin, TX 78701

For Sale
$1,195,000

Luxury Austin hotel condo, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This 1,121 square foot, fully furnished hotel condo in Austin, Texas, presents a unique investment opportunity. Located at 48 East Avenue, 78701, this 2022-built unit boasts hotel zoning, allowing for lucrative short-term rentals. The property includes access to exceptional amenities such as a 24-hour concierge, valet parking, co-working spaces, a lobby coffee bar, an 18,000 square foot tenth-floor terrace and garden, and a rooftop pool with cabanas, lounge seating, a fireplace, and panoramic city views. The unit's contemporary design and prime location in the vibrant Rainey Street district ensure high demand and a strong return on investment. This is a chance to own a piece of Austin's thriving hospitality market, offering a blend of luxury living and significant income potential. The asking price is $1,195,000, with a price per square foot of $1,066.01. The property is zoned for hotel use.

Highlights

  • $1,195,000 asking price for a 1,121 sq ft hotel unit in Austin, TX.
  • Luxury hotel condo unit with hotel-style amenities and owner benefits.
  • 24-hour concierge, valet parking, co-working spaces, and lobby coffee bar.
  • 18,000 sq ft tenth-floor terrace and garden.
  • Rooftop pool with cabanas, lounge seating, fireplace, and panoramic city views.
  • Resort-style living experience in a strong community.

Property Details for 48 East Ave

Property type
Other hospitality properties, Hotels
Square Feet
1,121 SF
Year Built
2022

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.2564596
Longitude
-97.7388398
48 East Ave, Austin, Texas

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48 East Ave
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