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1200 East 11th St - The East Village 520 SF Office/Retail Condo Unit Offered at $692,019 CAD in Austin, TX 78702
PROPERTY FACTS
| Total Building Size | 35,760 SF | Typical Floor Size | 8,574 SF |
| Property Type | Multifamily (Condo) | Year Built | 2008 |
| Property Subtype | Apartment | Lot Size | 3.59 AC |
| Building Class | B | Parking Ratio | 0.95/1,000 SF |
| Floors | 3 | ||
| Zoning | CS-MU | ||
| Total Building Size | 35,760 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 8,574 SF |
| Year Built | 2008 |
| Lot Size | 3.59 AC |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | CS-MU |
1 UNIT AVAILABLE
Unit 105
| Unit Size | 520 SF | Cap Rate | 7.01% |
| Price | $692,019 CAD | NOI | $48,483.31 CAD |
| Price Per SF | $1,330.81 CAD | No. Parking Spaces | 1 |
| Condo Use | Office/Retail | APN/Parcel ID | 02080620050000 |
| Sale Type | Investment |
| Unit Size | 520 SF |
| Price | $692,019 CAD |
| Price Per SF | $1,330.81 CAD |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 7.01% |
| NOI | $48,483.31 CAD |
| No. Parking Spaces | 1 |
| APN/Parcel ID | 02080620050000 |
DESCRIPTION
East Village Suite 105 is a street-level retail/creative office condo. Both front & rear floor-to-ceiling windows. Open floor plan + high ceilings. Direct street access from Lydia Street or from parking lot in rear.
SALE NOTES
Marcus & Millichap is pleased to offer for sale the retail condominium located at 1200 E 11th Street, Unit 105, Austin, Texas 78702. This 520 SF retail condo is situated in the mixed use East Village development, which was built in 2009.
Box Boyz (the Tenant) has occupied the space since 2023 and recently extended their NNN lease until 2030, demonstrating their commitment to the site. BoxBoyz have 4 locations in the Austin area. The rental amount increases yearly, providing a hedge against inflation for a new buyer. Lessee is responsible for taxes, maintenance, utilities, and insurance. Landlord is responsible for maintenance of common areas(bathrooms, entry ways, etc.)
The property is situated off the corner of E 11th Street and Lydia Street in the heart of East Austin. The area is extremely walkable and is located near Austin staples such as Quickie Pickie, Paperboy, Hillside Farmacy, Vintage Bookstore, and more. The site is also proximate to Hutson Tillotson University. Nearby growth and demographics are strong - a 15.0 percent population increase was recorded between 2020-2024 with an average household income of $132,651, both within a mere mile of the site.
This offering would be an excellent investment opportunity for an investor who is looking for a bite-sized deal to place capital in one of Austin's
hottest submarkets via a long-term lease.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 500 - 600 |
MAJOR TENANT INFORMATION Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Devora Realty |
-
|
Jan 0000
|
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1200 East 11th St - The East Village
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