2001 Airport Blvd
Austin, TX
Price:
$1,550,000
Cap Rate:
9.10%
NOI:
$141,039
Building Size:
Approx. 4,030 Sq. Ft.
Lot Size:
Approx. 0.55 Acres
Type:
Multi-Tenant / Retail
Year Built:
1959
Investment Overview
- 4,030+/- SF Building on .55+/- Acre Site
- Rare Infill Asset located 1.5 Miles from University of Texas and South of Mueller Redevelopment
- Excellent Traffic Location Along Airport Boulevard (65K VPD)
- Great Redevelopment Opportunity Due to Short Term Tenant Leases w/o Options to Renew
- Area Around Subject Property Projected to Grow 52% Over the Next 5 Yrs
- Near Whataburger, H-E-B, Taco Bell, Popeyes, Family Dollar, Chase Bank
- Strong Income Demos w/ $107,613 within a 1-Mile Radius
- Austin | Ranked the #2 Hottest City for Commercial Real Estate by Forbes in 2020