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3200 Steck Ave 1,603 SF Office Condo Unit in Austin, TX 78757
Investment Highlights
- 100% Occupied
- Annual Contractual Rent Increases
- Estimated 5.06% Cap Rate (based on current known income and HOA expense)
- Lease Through December 31, 2029
- Immediate Cash Flow
- Reserved Covered Parking
Executive Summary
Excellent investment opportunity in the heart of North Central Austin! This fully leased professional office condominium offers approximately 1,520 square feet of well-maintained office space with an established tenant in place through December 31, 2029, providing immediate cash flow and long-term income stability with scheduled rent increases in 2028 and 2029, offering built-in income growth. Conveniently located with easy access to MoPac, Highway 183, Burnet Road, The Domain, and Downtown Austin, this property features reserved covered parking, additional guest parking, and a professional office environment. An outstanding opportunity for investors, 1031 exchange buyers, or those seeking a stable, income-producing commercial asset in one of Austin's most desirable office corridors. Please do not disturb the tenant. Showings by appointment only
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
Excellent opportunity to acquire a fully leased professional office condominium in one of North Central Austin's most established office corridors. Suite 260 offers approximately 1,520 square feet of well-maintained office space with a long-term tenant already in place, creating immediate, stable cash flow for investors.
Ideally located on Steck Avenue with convenient access to MoPac (Loop 1), Highway 183, Burnet Road, and North Austin's major employment centers, the property offers exceptional accessibility for clients and employees alike.
Property features include:
Approximately 1,520 SF
Strong long-term tenant in place
Lease secured through December 2029
Scheduled annual rent increases
Reserved covered parking plus additional common parking
Professional office environment
Excellent North Central Austin location
Ideal for 1031 exchange buyers or investors seeking passive income
Stable occupancy with immediate cash flow from closing
Whether you're expanding your commercial investment portfolio or seeking a low-maintenance income-producing asset in a highly desirable Austin submarket, this leased office condominium presents an outstanding opportunity with long-term upside.
Ideally located on Steck Avenue with convenient access to MoPac (Loop 1), Highway 183, Burnet Road, and North Austin's major employment centers, the property offers exceptional accessibility for clients and employees alike.
Property features include:
Approximately 1,520 SF
Strong long-term tenant in place
Lease secured through December 2029
Scheduled annual rent increases
Reserved covered parking plus additional common parking
Professional office environment
Excellent North Central Austin location
Ideal for 1031 exchange buyers or investors seeking passive income
Stable occupancy with immediate cash flow from closing
Whether you're expanding your commercial investment portfolio or seeking a low-maintenance income-producing asset in a highly desirable Austin submarket, this leased office condominium presents an outstanding opportunity with long-term upside.
Sale Notes
See Agent
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 260 | 1,603 SF | Office | Upon Request | - |
Unit 260
| Unit Size |
| 1,603 SF |
| Condo Use |
| Office |
| Price |
| Upon Request |
| NOI |
| - |
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Unit 260
| Unit Size | 1,603 SF |
| Condo Use | Office |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Excellent opportunity to acquire a fully leased professional office condominium in one of North Central Austin's most established office corridors. Suite 260 offers approximately 1,520 square feet of well-maintained office space with a long-term tenant already in place, creating immediate, stable cash flow for investors.<br> <br> Ideally located on Steck Avenue with convenient access to MoPac (Loop 1), Highway 183, Burnet Road, and North Austin's major employment centers, the property offers exceptional accessibility for clients and employees alike.<br> <br> Property features include:<br> <br> Approximately 1,520 SF<br> Strong long-term tenant in place<br> Lease secured through December 2029<br> Scheduled annual rent increases<br> Reserved covered parking plus additional common parking<br> Professional office environment<br> Excellent North Central Austin location<br> Ideal for 1031 exchange buyers or investors seeking passive income<br> Stable occupancy with immediate cash flow from closing<br> <br> Whether you're expanding your commercial investment portfolio or seeking a low-maintenance income-producing asset in a highly desirable Austin submarket, this leased office condominium presents an outstanding opportunity with long-term upside.</li></ul> | |
| Sale Notes | |
| See Agent</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 32,505 SF | Typical Floor Size | 11,583 SF |
| Property Type | Year Built | 1981 | |
| Building Class | B | Lot Size | 1.51 AC |
| Floors | 3 | Parking Ratio | 2.15/1,000 SF |
| Zoning | GC - GR | ||
| Total Building Size | 32,505 SF |
| Property Type | |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 11,583 SF |
| Year Built | 1981 |
| Lot Size | 1.51 AC |
| Parking Ratio | 2.15/1,000 SF |
| Zoning | GC - GR |
Amenities
- 24 Hour Access
- Controlled Access
- Reception
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
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3200 Steck Ave
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