For sale

$1,590,000

10200 Highway 290 Hwy W
Austin, TX 78736

  • 0 beds
  • 0 baths
  • 2.78 acres

Listing courtesy of Stanberry REALTORS · (512) 894-3488 · MLS# 3032178 · Status: Active

About this home

Positioned on 2.78 acres with strong frontage along Highway 290, this investment property offers a compelling opportunity for both owner-users and investors seeking growth potential in the path of development between Austin and Dripping Springs. The site features a well-maintained 4,227 SF two-story office building comprised of 11 individual suites, complemented by a 1,152 SF garage structure that has been converted into 3 Office suites and 1 Garage spot for the owner, located at the rear of the property. Currently operating at approximately 70% occupancy, the asset provides immediate cash flow with additional upside through lease-up and future development. The property also benefits from supplementary income generated through an annual sign lease and ground lease. Located outside the city ETJ, the tract allows flexibility for expansion, with ample room to construct additional buildings to maximize returns in this high-demand corridor.

Description provided by the listing brokerage.

Facts

Property type
Commercial Sale · Office
Year built
1999
Lot size
2.78 acres
Stories
2
Annual taxes
$33,906
County
Travis
Neighborhood
Scenic Brook Estates Sec 2 Re-

Features

View
Hill Country
Sewer
Septic Tank
Cooling
Central Air, Electric
Heating
Central, Propane, Propane Stove
Flooring
Carpet, Linoleum, Tile, Vinyl
Utilities
Cable Available, Electricity Connected, High Speed Internet, Phone Available, Propane, Sewer Connected, Water Connected
Water
Well
Parking
Common, Concrete, Garage, Garage Door Opener, Garage Faces Front, Gravel, Parking Lot, Shared Driveway
Foundation
Slab
Energy efficiency
Construction, Insulation, Water Heater
Accessibility
Common Area, Accessible Full Bath, Accessible Kitchen, Accessible Stairway
Construction
HardiPlank Type, Stone

Location

Listings courtesy of Unlock MLS as distributed by MLS GRID.

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