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This exceptional 3,812 square foot creative office property, located at 2404 Rio Grande St, Austin, TX 78705, presents a unique redevelopment opportunity in the vibrant West Campus submarket. The property sits on a 0.324-acre lot and is currently zoned GO-H-NP/MF-4-H-NP/CS-NP, allowing for various development options subject to city approvals. The existing building, constructed in 1911, is designated as historic and protected from demolition or extensive renovation without city approval. A 1957 garage apartment is considered a teardown. The property's location offers convenient access to the University of Texas, Downtown Austin, and the Shoal Creek Greenbelt Trail, along with numerous nearby retail, restaurants, and entertainment venues. Easy access to major thoroughfares like MoPac, Lamar Blvd., Rio Grande Street, and MLK Blvd. enhances its appeal. The asking price is $4,500,000 ($1,180.48/sq ft), with a land value of $371.41/sq ft. The current lease expires December 31, 2025, with approximately 1.1 years remaining. Seller financing is available, subject to buyer credit, with a 20% down payment and a 3-year term. Interest rates are expected to range from 7-10%, depending on financing terms. The property's potential uses include student housing, condos, a boutique hotel, coffee house, bar (zoning permitting), or continued use as office space. Further investigation is needed to determine the applicable zoning designation for redevelopment.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
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Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.