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9710 N Lamar BLVD, Austin TX 78753

$ 5,250,000
9710 N Lamar BLVD, Austin TX 78753, ,
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Overview

  • Property ID
  • 408625
  • 2 ac

Description

Est CAP Rate is 8.6%! ASG has been exclusively retained to offer for sale the retail building and 2.47 Acres located at 9710 N Lamar. The property consists of one (1), 10,986 SF building that is currently leased to 2 Tenants (La Ultima Sports Bar and Paris Hookah Lounge). The property also has other tenants that have been here for 1 to 2 years + pay on time (info on request). The site is approximately 3 miles from Q2 Stadium, 4 miles from The Domain, 9 miles from the new Apple Campus off Parmer, 4 miles from Tech Ridge Center, and 9 miles from Downtown Austin. The property is currently zoned GR-NP which allows a variety of different commercial uses and is fully occupied providing an investor with good income along a growing vertical mixed-use corridor.

Features

Other Features
Electrical Utility Available

Details

Property Id : 408625
Price: $ 5,250,000
Property Lot Size: 2 ac
Syndication Remarks: Est CAP Rate is 8.6%! ASG has been exclusively retained to offer for sale the retail building and 2.47 Acres located at 9710 N Lamar. The property consists of one (1), 10,986 SF building that is currently leased to 2 Tenants (La Ultima Sports Bar and Paris Hookah Lounge). The property also has other tenants that have been here for 1 to 2 years + pay on time (info on request). The site is approximately 3 miles from Q2 Stadium, 4 miles from The Domain, 9 miles from the new Apple Campus off Parmer, 4 miles from Tech Ridge Center, and 9 miles from Downtown Austin. The property is currently zoned GR-NP which allows a variety of different commercial uses and is fully occupied providing an investor with good income along a growing vertical mixed-use corridor.
Parking Features: Parking Lot
Lot Size(acres): 2.474
Lot Size(sf): 107767.44
Country: US
Last Listing Change: 2024-08-31T00:21:14.920Z
Property Key: 48453|249168|1|139100474
Status Contractual Search Date: 2023-10-04
Listing Key Numeric: 119625303
Est. Taxes: 66530
Originating System Key: actris
Originating System Name: ABOR - actris
FEMA Flood Plain: No
#Photos: 1
State: TX
Last Status Change: 2023-10-04T20:28:23.443Z
Street Dir Prefix: N
Street Name: Lamar
Street# Ext.: 9710
Street#: 9710
Street Suffix: BLVD
Occupancy(%): 100
Property Match: APN
$/Building Area: 477.88
Accessibility Features: None
Building Area Total: 10986
Building Features: Kitchen Equipment
Construction Materials: Brick
Cooling: Ceiling Fan(s),Central Air,Electric
Current Use: Food Service,Restaurant
Directions: From 183 Exit on N Lamar Blvd; From I-35 Exit on E Rundberg Ln then turn to N Lamar Blvd
Flooring: Tile,Vinyl
Heating: Central,Exhaust Fan,Hot Water,Natural Gas,Separate Meters
Listing ID: 8700310
Listing Terms: Assumable,Cash,Conventional,Lender Approval,SBA Type Loan
MLS Area Major: 2N
Status: Active
#Buildings: 1
Other Structures: None
Parcel#: 02431701100000
Possession: Close Of Escrow,Funding
Property Condition: Resale
Sewer: Public Sewer
Special Listing Conditions: Standard
Utilities: Cable Available,Electricity Connected,Other,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected,See Remarks
View: City
Water Source: Public
Year Built: 1992

Calculator

$ 35,953.11
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 26,546.86

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Info is deemed accurate but not guaranteed. Published info is subject to change. Buyers should conduct their own due diligence and research.

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9710 N Lamar BLVD, Austin TX 78753

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Gerald Bodle, MBA