5241 Lamar BlvdAustin, TX 78751

For Sale
$2,900,000

Austin Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Austin, Texas retail investment opportunity encompasses two properties at 5237 and 5241 N Lamar Blvd, totaling 17,360 square feet on a 0.4-acre lot. Zoned CS-CO-V-NP, this portfolio presents a compelling redevelopment prospect in a high-traffic area. The combined net rentable space is 3,860 square feet, currently configured as a grocery store, quick-service restaurant, and restaurant. The asking price is $2,900,000, translating to $167.05 per square foot. Located in Travis County, Austin, Texas, zip code 78751, this property offers significant potential for investors seeking a mixed-use or retail development project. The properties are situated in a vibrant commercial corridor with high visibility and accessibility, making them ideal for a variety of retail uses. This is a rare opportunity to acquire a well-positioned portfolio in a rapidly growing market. The existing structures provide a solid foundation for redevelopment, allowing for customization to suit a wide range of business needs. Detailed property information and financial projections are available upon request. This is a prime opportunity to capitalize on the thriving Austin market.

Highlights

  • Prime Austin retail investment opportunity: Two properties totaling 17,360 SF on a 0.4-acre lot at 5237 & 5241 N Lamar Blvd.
  • 3,860 SF net rentable space currently occupied by a grocery store and two restaurants.
  • CS-CO-V-NP zoning allows for redevelopment potential.
  • $2,900,000 asking price, $167.05/SF.
  • High-traffic location in a vibrant Austin commercial corridor.

Property Details for 5241 Lamar Blvd

Property type
Other retail properties, Restaurants
Square Feet
17,360 SF
Lot Size (sq. ft)
17,424 SF

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.3205239
Longitude
-97.729375
5241 Lamar Blvd, Austin, Texas

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5241 Lamar Blvd
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