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Sweet, Sweet Land Cover Play 2214 S 1st St 752 SF Retail Building Austin, TX 78704 $2,059,363 CAD ($2,738.51 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
- Exceptional redevelopment potential supported by MU-Mixed Use zoning and strong area demographics.
- 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 |
$84,083
|
$111.81
|
| Other Income |
$26,896
|
$35.77
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$110,978
|
$147.58
|
| Taxes |
$21,419
|
$28.48
|
| Operating Expenses |
$1,084
|
$1.44
|
| Total Expenses |
$22,503
|
$29.92
|
| Net Operating Income |
$88,475
|
$117.65
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $84,083 |
| Annual Per SF | $111.81 |
| Other Income (CAD) | |
|---|---|
| Annual | $26,896 |
| Annual Per SF | $35.77 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $110,978 |
| Annual Per SF | $147.58 |
| Taxes (CAD) | |
|---|---|
| Annual | $21,419 |
| Annual Per SF | $28.48 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,084 |
| Annual Per SF | $1.44 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,503 |
| Annual Per SF | $29.92 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $88,475 |
| Annual Per SF | $117.65 |
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
$2,059,363 CAD
Price Per SF
$2,738.51 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 | - | - | - |
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 303817 | Total Assessment | $1,069,906 CAD |
| Land Assessment | $1,069,905 CAD | Annual Taxes | $21,419 CAD ($28.48 CAD/SF) |
| Improvements Assessment | $1 CAD | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
303817
Land Assessment
$1,069,905 CAD
Improvements Assessment
$1 CAD
Total Assessment
$1,069,906 CAD
Annual Taxes
$21,419 CAD ($28.48 CAD/SF)
Tax Year
2025 Payable 2026
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Sweet, Sweet Land Cover Play | 2214 S 1st St
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