ADINA Austin 1304 Rio Grande St Services hôteliers 7 chambres 3 244 364 € (463 481 €/Chambre) Austin, TX 78701

Located just blocks from the Texas State Capitol in Austin’s prestigious Judges Hill neighborhood, this beautifully updated 1916 mansion presents a rare opportunity for investors or owner-operators seeking a flexible, income-producing property with long-term upside.
Recently rezoned to DMU (Downtown Mixed Use), the ~6,000 SF building (5,022 SF finished) sits on a 7,013 SF lot and supports a wide range of potential uses, including boutique hotel, medical or wellness center, senior living, creative office, or high-end residential. It would also make an exceptional showplace headquarters for an Austin startup seeking a distinctive and inspiring space.
In addition to the existing luxurious suites, the third floor and rear ~250 SF addition with soaring ceilings remain unfinished, offering an incredible opportunity to expand the usable square footage by over 1,200 SF — further enhancing the property's value and flexibility.
Currently operated as a luxury short-term rental under ADINA Luxury Lodging, the building features 7 unique suites—four oversized multi-room units (with potential to further subdivide), a junior suite, and two queen rooms—accommodating up to 24 guests. The property includes six private parking spaces and ~1,200 SF of unfinished space (a full attic and rear addition with soaring ceilings) that could be developed into 2–4 additional rooms or a striking owner’s suite and additional income-producing units.
All systems and finishes have been fully modernized while maintaining the property’s original historic charm. Whether operated as a boutique hospitality business, creative headquarters for a law firm, architectural practice, or startup, or redeveloped for high-end multifamily or mixed use, the flexibility and location are unmatched.
Projected 2025 GSI: $195K–$225K (up to $250K)
A rare opportunity to acquire a historic asset in the heart of Austin. Located in Judges Hill and recently rezoned DMU, this ~6,000 SF mansion includes 7 suites and ~1,200 SF of expansion potential — ideal for repositioning or owner-operator optimization.
Cap rate potential: 6.0%–7.95% (with value-add)
Additional Information:
• Seller financing: 25% down, 4.5% interest, 30-year amortization.
• Ownership will consider long-term NNN lease to well-qualified tenants.