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4507 E Martin Luther King Jr Blvd 1,163 SF Office/Retail Condo Unit Offered at $651,928 CAD in Austin, TX 78721
Investment Highlights
- PRICE REDUCED!!! 6.6% CAP. 5 YR LEASE CONTRACT. ALL SERIOUS OFFERS ARE WELCOME FOR CONSIDERATION! Very Heavy Car Traffic!
Executive Summary
PRICE REDUCED!!! 6.6% CAP RATE LEASED RETAIL. EAST AUSTIN INVESTMENT. ALL SERIOUS OFFERS ARE WELCOME FOR CONSIDERATION! This three-story mixed-use building features Unit B for sale with a brand-new five-year lease to a barbershop. The retail space is priced to sell and sits on a prominent wraparound corner with access to both East Martin Luther King Jr. Blvd. and Springdale Road.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 877691 |
| Cap Rate | 6.60% |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| 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
PRICE REDUCED!!! 6.6% CAP RATE LEASED RETAIL. EAST AUSTIN INVESTMENT.
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.
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit B | 1,163 SF | Office/Retail | $651,928 CAD ($560.56 CAD/SF) | $43,027.25 CAD |
Unit B
| Unit Size |
| 1,163 SF |
| Condo Use |
| Office/Retail |
| Price |
| $651,928 CAD ($560.56 CAD/SF) |
| NOI |
| $43,027.25 CAD |
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Map
Unit B
| Unit Size | 1,163 SF |
| Condo Use | Office/Retail |
| Price | $651,928 CAD ($560.56 CAD/SF) |
| NOI | $43,027.25 CAD |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| 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.</li></ul> | |
| Sale Notes | |
| PRICE REDUCED!!! 6.6% CAP RATE LEASED RETAIL. EAST AUSTIN INVESTMENT.<br> 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.</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.
Amenities
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
JSP Construction Investment
4507 E Martin Luther King Jr Blvd
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