Fee-Simple Asset with Long-Term Ground Lease 1500 E 6th St Local commercial 502 m² À vendre Austin, TX 78702 5 682 135 € (11 326,30 €/m²) Taux de capitalisation 6,37 %

1500 East 6th Street offers a rare opportunity to acquire a fee-simple interest in a prominent ground-leased entertainment and hospitality property in the heart of East Austin. Home to the iconic Hotel Vegas, the property occupies a highly visible position along East 6th Street, one of Austin’s most established nightlife, dining, and entertainment corridors.
With approximately 97 years remaining on the ground lease, 3% annual rent increases, and existing improvements utilizing only a fraction of the site’s allowable density, the property offers both durable long-term income and compelling future redevelopment potential.
Located just east of Downtown Austin, the property provides excellent connectivity to the Central Business District, I-35, East 5th Street, Cesar Chavez Street, and the surrounding East Austin neighborhoods. Surrounded by some of Austin’s most popular restaurants, bars, music venues, hotels, and residential developments, 1500 East 6th Street presents a unique opportunity for investors and developers seeking a high-profile position in one of the city’s most active and recognizable urban districts.
The information contained herein has been gathered from sources deemed reliable; however, McAllister & Associates, and its principals, members, officers, associates, agents and employees cannot guarantee the accuracy of such information. The information contained herein is subject to changes, errors, omissions, prior sale, withdrawal of property from the market without prior notice, and approval of purchase by owner. Prospective buyers should verify all information to their satisfaction. No representation is made as to the possible value of this investment or type of use, and prospective buyers are urged to consult with their tax and legal advisors before making a final determination.
Real Estate buyers are hereby notified that real properties and its rights and amenities in the States of Texas are subject to many forces and impacts whether natural, those caused by man, or otherwise; including, but not limited to, drought or other weather-related events, disease (e.g. Oak Wilt, Anthrax, Chronic Wasting Disease), invasive species, illegal trespassing, previous owner actions, neighbor actions and government actions. Prospective buyers of Texas real estate should investigate any concerns regarding a specific real property to their satisfaction.
When buying investment property the buyer's agent, if applicable, must be identified on first contact and must be present at initial showing of the property listing to the prospective real estate investor in order to participate in real estate commission. If this condition is not met, fee participation will be at sole discretion of McAllister & Associates.
McAllister & Associates reserves the right to require any or all interested buyer(s) of a particular property to provide proof of financial ability to purchase said property prior to the initial showing or any subsequent showing of the property. McAllister & Associates also reserves the right to refuse to show a property to a potential buyer for any reason at McAllister & Associates sole and absolute discretion.