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Sweet, Sweet Land Cover Play 2214 S 1st St 752 SF Retail Building Austin, TX 78704 $2,078,035 CAD ($2,763.34 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 |
$84,845
|
$112.83
|
| Other Income |
$27,140
|
$36.09
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$111,985
|
$148.92
|
| Taxes |
$21,613
|
$28.74
|
| Operating Expenses |
$1,094
|
$1.45
|
| Total Expenses |
$22,707
|
$30.20
|
| Net Operating Income |
$89,278
|
$118.72
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $84,845 |
| Annual Per SF | $112.83 |
| Other Income (CAD) | |
|---|---|
| Annual | $27,140 |
| Annual Per SF | $36.09 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $111,985 |
| Annual Per SF | $148.92 |
| Taxes (CAD) | |
|---|---|
| Annual | $21,613 |
| Annual Per SF | $28.74 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,094 |
| Annual Per SF | $1.45 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,707 |
| Annual Per SF | $30.20 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $89,278 |
| Annual Per SF | $118.72 |
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
$2,078,035 CAD
Price Per SF
$2,763.34 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 (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 303817 | Total Assessment | $1,073,769 CAD |
| Land Assessment | $1,073,767 CAD | Annual Taxes | $21,613 CAD ($28.74 CAD/SF) |
| Improvements Assessment | $1 CAD | Tax Year | 2025 Payable 2026 |
PROPERTY TAXES
Parcel Number
303817
Land Assessment
$1,073,767 CAD
Improvements Assessment
$1 CAD
Total Assessment
$1,073,769 CAD
Annual Taxes
$21,613 CAD ($28.74 CAD/SF)
Tax Year
2025 Payable 2026
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Sweet, Sweet Land Cover Play | 2214 S 1st St
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