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Sweet, Sweet Land Cover Play 2214 S 1st St 752 SF Retail Building Austin, TX 78704 $2,039,793 CAD ($2,712.49 CAD/SF)
Investment Highlights
- Location , walkable, near high end developments.
- Rare Downtown Austin Redevelopment Opportunity in the Sought-After South First Street/Bouldin Creek Neighborhood
- More Than 372,311 Residents (Five-Mile Radius) and an Average Household Income of $141,396 (One-Mile Radius)
- The Daytime Population Increases by 81 Percent Due to 675,249 Employees Within a Five-Mile Radius
Executive Summary
One-story free-standing house with 6 parking spots on the back. Front entry and back ramp. Bathroom and kitchen. Great location with several brand new mixed-used projects in progress nearby. Fully permitted for food services, coffee shop etc., grease tarp present. Heavy day-time foot traffic. High net worth clientele. Amazing location with views of downtown. Great for owner/user or investor, also, great redevelopment opportunity in the long term. A mixed-used large development was just completed access the street and 5 other huge mixed-used developments in the works with completion dates in the next 1-2 years. Perfect spot for retail, office or drive in coffee , donuts, ice-cream, juice shop, Boba tea, etc.
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$83,284
|
$110.75
|
| Other Income |
$26,640
|
$35.43
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$109,924
|
$146.18
|
| Taxes |
$21,215
|
$28.21
|
| Operating Expenses |
$1,074
|
$1.43
|
| Total Expenses |
$22,289
|
$29.64
|
| Net Operating Income |
$87,635
|
$116.54
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $83,284 |
| Annual Per SF | $110.75 |
| Other Income (CAD) | |
|---|---|
| Annual | $26,640 |
| Annual Per SF | $35.43 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $109,924 |
| Annual Per SF | $146.18 |
| Taxes (CAD) | |
|---|---|
| Annual | $21,215 |
| Annual Per SF | $28.21 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,074 |
| Annual Per SF | $1.43 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,289 |
| Annual Per SF | $29.64 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $87,635 |
| Annual Per SF | $116.54 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
752 SF
Building Class
C
Year Built
1973
Price
$2,039,793 CAD
Price Per SF
$2,712.49 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.12 AC
Zoning
MU-Mixed Use - CS - Zoned, general commercial. Perfect spot for retail, office or drive through restaurant. Huge redevelopment potential.
Parking
5 Spaces (6.65 Spaces per 1,000 SF Leased)
Frontage
70’ on S 1st St
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- HEB
- Retailer
- -
- -
- -
- Phoebe's Diner
- Retailer
- -
- -
- -
- Starbucks
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| HEB | Retailer | - | - | - | ||
| Phoebe's Diner | Retailer | - | - | - | ||
| Starbucks | Retailer | - | - | - |
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 303817 | Total Assessment | $1,054,008 CAD |
| Land Assessment | $1,054,007 CAD | Annual Taxes | $21,215 CAD ($28.21 CAD/SF) |
| Improvements Assessment | $1 CAD | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
303817
Land Assessment
$1,054,007 CAD
Improvements Assessment
$1 CAD
Total Assessment
$1,054,008 CAD
Annual Taxes
$21,215 CAD ($28.21 CAD/SF)
Tax Year
2025 Payable 2026
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Sweet, Sweet Land Cover Play | 2214 S 1st St
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