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2448 S 1st St Local commercial 227 m² À vendre Austin, TX 78704 2 716 194 € (11 987,24 €/m²)

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Certaines informations ont été traduites automatiquement.

Informations principales sur l'investissement

Base zoning district allows a wide range of commercial uses, incl: Restaurants, Retail, Bars (subject to spacing rules), Personal services, Office
DBETOD-Density Bonus, Allows add'l height, density, or floor-area ratio, in exchange for: Affordable housing participation, Optional ,not mandatory

Vertical Mixed Use (Combining District), allows residential units above ground-floor commercial, Encourages denser, urban development.

Résumé analytique

Unique opportunity to acquire two contiguous lots, 2448 So. 1st and 2508 So. 1st, Combined area of both lots is approx 14,583 square feet, improved with an operating restaurant, including land, building, and all associated FF&E. The business has successfully operated at this location for over 25 years, reflecting long-term stability and market presence. Situated just over two miles from Downtown Austin in the highly sought-after 78704 area, the property has been well-maintained. A successfully negotiated sales contract might allow the Buyer to have a strong reliable restaurant tenant while Buyer goes thru the process of redevelopment, should that be the future use of the property.
There is much more value in the land than as an operating restaurant.
The Value and emphasizes should focus on the land value and zoning. Location and Zoning makes this property ideal. Currently zoned, CS-V, VMU overlay, ETOD location, Density Bonus opportunities, South First St frontage, Existing incoe-producing restaurant & improvements.

Camarena Zoning 2448-2508 So 1st St

Zoning Breakdown 2448 and 2508 South 1st

Potential Use

VMU (Vertical Mixed Use) can have a dramatic effect on land

Parking reductions can have an enormous impact on land value

Informations sur l’immeuble

Type de vente

Investissement ou propriétaire occupant

Type de bien

Local commercial

Sous-type de bien

Restaurant

Surface de l’immeuble

227 m²

Classe d’immeuble

Année de construction

1963

Prix

2 716 194 €

Prix par m²

11 987,24 €

Occupation

Mono

Hauteur du bâtiment

1 étage

Coefficient d’occupation des sols de l’immeuble

0,35

Surface du lot

0,06 ha

Zonage

CS - Zoning is CS-V-ETOD-DBETOD, offering significant long-term redevelopment and density potential. CS zoning permits a wide range of commercial uses.

Stationnement

26 places (114,74 places par 1 000 m² loué)

Façade

45 m sur S 1st St