5812 Manor RdAustin, TX 78723

For Sale
$800,000

High-yield auto shop, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Austin, Texas commercial property presents a compelling investment opportunity. Located at 5812 Manor Rd, Austin, TX 78723, this fee-simple property boasts a prime corner lot (0.216 acres) with CS-MU-V zoning, offering significant flexibility for redevelopment or continued operation as an auto shop. The property comprises two single-story buildings totaling 2,436 square feet of net rentable space, currently 100% occupied by a long-term tenant (over 10 years) generating a net operating income (NOI) exceeding $50,000. The asking price is $800,000, representing a compelling 6.26% cap rate. Built in 1938, the property benefits from an existing curb cut and a highly visible location across from a fast-food restaurant. The gross lease structure provides a stable income stream, with the current tenant open to remaining or vacating to facilitate redevelopment plans. This value-add opportunity allows for various uses within the permitted zoning, making it an attractive investment in a rapidly growing area. The property's strong cash flow and redevelopment potential make it an ideal asset for investors seeking both immediate return and long-term appreciation. The current tenant's long-term presence provides a stable income stream, while the zoning allows for a variety of future uses.

Highlights

  • Exceptional value-add opportunity with a sub-5% cap rate at list price.
  • Strong current NOI exceeding $50,000.
  • Long-term tenant occupancy exceeding 10 years.

Property Details for 5812 Manor Rd

Property type
Other retail properties, Automotive properties
Square Feet
2,436 SF
Class
D
Year Built
1938
Buildings
2
Stories
1
Lot Size (sq. ft)
9,409 SF

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.306298930231
Longitude
-97.680135881293
5812 Manor Rd, Austin, Texas

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5812 Manor Rd
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