Gaston Place Shopping Center Austin, TX

1804 Briarcliff Blvd
Austin, TX

Price: $3,375,000
Cap Rate: 5.02%
NOI: $169,589
Building Size: Approx. 9,150 Sq. Ft.
Lot Size: Approx. 1.12 Acres
Type: Multi-Tenant / Retail
Sub Category: Retailer
Year Built / Renovated: 1960 / 2024

Investment Overview

  • 1960 Construction / 2024 Renovation. 9,150+/- SF Building on 1.12+/- Acre Site
  • Below Market Rents – Avg. Base Rental Rate of only $18.95 PSF while Other Tenants in the Center are Paying Base Rate of $30.60 PSF
  • Potential Redevelopment Opportunity – Positioned for an Aggressive Vertical Redevelopment, Creating Significant Upside Opportunity
  • Located Just North of The Mueller District with Proximity to Downtown and UT Campus
  • Situated in High-Spending Submarket, Benefiting from Avg. HH Incomes of $107,031 w/in 1-Mi. & $139,119 w/in 5-Mi.
  • Adjacently Located to Windsor Commons – Brand-New, Class-A, Mixed-Use Multi-Family & Retail Development
  • Austin  |  One of the Fastest-Growing Cities in the U.S.  |  Population: 986,928+

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