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Investment Highlights
- Rare commercial opportunity in one of Austin’s fastest-growing neighborhoods
- High-visibility frontage on E MLK, one of East Austin’s main arterial corridors
- Exceptional parking ratio of 5.07/1,000 SF - a scarce amenity in East Austin
- Prime user or redevelopment opportunity on a flexible LO-MU-zoned site
- Signalized, highly trafficked intersection at E MLK and Chicon St
- Dense, walkable location near UT Austin, Downtown, and Mueller/Saltillo districts
Executive Summary
Positioned on one of East Austin’s primary arterial roads and surrounded by numerous dense infill developments, 1709 E MLK sits at the heart of one of Austin’s most youthful, vibrant, and rapidly growing submarkets. The property is within walking distance of the University of Texas and just a short drive to Downtown Austin’s CBD, with immediate proximity to East Austin’s The Saltillo development, Mueller District, and the Historic Hancock neighborhood. This coveted Central East Austin location offers outstanding commuter access and is surrounded by an abundance of dining, retail, and entertainment amenities.
Given this location, the property offers the next buyer several attractive options: an investor interested in site redevelopment, a renovation play, or an owner-user seeking office space in a great location. The site benefits from high visibility near the signalized intersection of E MLK and Chicon St, one of East Austin’s most heavily trafficked corners, and represents a compelling opportunity to invest in one of East Austin’s fastest-growing areas.
The property also carries a strong connectivity advantage - just 0.6 miles from I-35, roughly 1.0 mile from Airport Blvd, and 3.5 miles from Hwy 183. The immediate area is anchored by some of Austin’s most sought-after amenities, including Juice Land and Sour Duck Market, plus East Austin’s acclaimed restaurant row featuring Este, Haymaker, Vortex, Salty Sow, and School House Pub.
Given this location, the property offers the next buyer several attractive options: an investor interested in site redevelopment, a renovation play, or an owner-user seeking office space in a great location. The site benefits from high visibility near the signalized intersection of E MLK and Chicon St, one of East Austin’s most heavily trafficked corners, and represents a compelling opportunity to invest in one of East Austin’s fastest-growing areas.
The property also carries a strong connectivity advantage - just 0.6 miles from I-35, roughly 1.0 mile from Airport Blvd, and 3.5 miles from Hwy 183. The immediate area is anchored by some of Austin’s most sought-after amenities, including Juice Land and Sour Duck Market, plus East Austin’s acclaimed restaurant row featuring Este, Haymaker, Vortex, Salty Sow, and School House Pub.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,348 SF
Building Class
C
Year Built
1980
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,348 SF
Building FAR
0.26
Lot Size
0.29 AC
Zoning
LO-MU-NP
Parking
17 Spaces (5.08 Spaces per 1,000 SF Leased)
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 198454 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,053,240 CAD |
Property Taxes
Parcel Number
198454
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,053,240 CAD
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1709 E Martin Luther King Jr Blvd
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