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4507 E Martin Luther King Jr Blvd 1,163 SF Office/Retail Condo Unit Offered at $688,337 CAD in Austin, TX 78721

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Investment Highlights

High-visibility wraparound corner with very heavy car traffic.

Executive Summary

Unit B includes three reserved parking spaces, with additional parking available on site.

Property Facts

Total Building Size	14,544 SF	Typical Floor Size	4,848 SF
Property Type	Multifamily (Condo)	Year Built	2020
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential	Lot Size	0.86 AC
Building Class	B	Parking Ratio	1.93/1,000 SF
Floors	3	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	GR/MU/NP - GR-MU-NP: GR General Retail MU Mixed-use of commercial and residential. NP Neighborhood Plan a designation for the neighborhood plan specific for this

Total Building Size	14,544 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Building Class	B
Floors	3
Typical Floor Size	4,848 SF
Year Built	2020
Lot Size	0.86 AC
Parking Ratio	1.93/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	GR/MU/NP - GR-MU-NP: GR General Retail MU Mixed-use of commercial and residential. NP Neighborhood Plan a designation for the neighborhood plan specific for this

1 Unit Available

Unit B

Unit Size	1,163 SF	Cap Rate	6.32%
Price	$688,337 CAD	NOI	$43,502.91 CAD
Price Per SF	$591.86 CAD	No. Parking Spaces	3
Condo Use	Office/Retail	APN/Parcel ID	877691
Sale Type	Investment

Unit Size	1,163 SF
Price	$688,337 CAD
Price Per SF	$591.86 CAD
Condo Use	Office/Retail
Sale Type	Investment
Cap Rate	6.32%
NOI	$43,502.91 CAD
No. Parking Spaces	3
APN/Parcel ID	877691

Description

This mixed-use condominium is located in one of the fastest-growing areas of East Austin. The first-floor features four retail and office condo units, while the second and third floors consist entirely of residential condos. Built in 2020, the property offers excellent visibility from Martin Luther King Jr. Blvd., one of the busiest corridors in East Austin, and is accessible from both MLK and Springdale Road.

Sale Notes

Unit B, currently offered for sale, is occupied by a well-established barbershop—an ideal tenant for this rapidly growing area. The lease has more than four years remaining, providing stable income for the next owner. The space features a generous layout with 12-foot ceilings, creating an open and inviting atmosphere. Unit A is also available for sale; please inquire for detailed information. Unit B includes three reserved parking spaces, with additional parking available on site. This is truly a one-of-a-kind, fully occupied retail opportunity in East Austin.