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2448 S 1st St 2,439 SF Retail Building Austin, TX 78704 $4,404,821 CAD ($1,805.99 CAD/SF)
Investment Highlights
- Base zoning district allows a wide range of commercial uses, incl: Restaurants, Retail, Bars (subject to spacing rules), Personal services, Office
- DBETOD-Density Bonus, Allows add'l height, density, or floor-area ratio, in exchange for: Affordable housing participation, Optional ,not mandatory
- Vertical Mixed Use (Combining District), allows residential units above ground-floor commercial, Encourages denser, urban development.
Executive Summary
Unique opportunity to acquire two contiguous lots, 2448 So. 1st and 2508 So. 1st, Combined area of both lots is approx 14,583 square feet, improved with an operating restaurant, including land, building, and all associated FF&E. The business has successfully operated at this location for over 25 years, reflecting long-term stability and market presence. Situated just over two miles from Downtown Austin in the highly sought-after 78704 area, the property has been well-maintained. It provides a strong foundation for continued restaurant operations or alternative commercial use. Ownership is open to reasonable offers and is prepared to engage in a timely transaction. Flexible terms may be considered with an acceptable offer. Showings are by appointment only and handled discreetly. Do not contact staff or employees under any circumstances.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,439 SF
Building Class
C
Year Built
1963
Price
$4,404,821 CAD
Price Per SF
$1,805.99 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.16 AC
Zoning
CS - Zoning is CS-V-ETOD-DBETOD, offering significant long-term redevelopment and density potential. CS zoning permits a wide range of commercial uses.
Parking
26 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 305700 | Improvements Assessment | $71,923 CAD |
| Land Assessment | $1,369,237 CAD | Total Assessment | $1,441,161 CAD |
Property Taxes
Parcel Number
305700
Land Assessment
$1,369,237 CAD
Improvements Assessment
$71,923 CAD
Total Assessment
$1,441,161 CAD
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2448 S 1st St
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