Austin, TX Office Property For Sale

Level One of the Edge Professional Office Condominium Building offers a rare ownership opportunity of a stabilized medical office condo in rapidly growing North Austin. Fully leased, there are three separate suites occupied by primary care practice, pharmacy & radio station.

Conveniently located along Braker Lane, one of the key east-west corridors that traverses between

two major thoroughfares I-35 & MoPac.

OVERVIEW

The property currently consists of a 6,500 SF office/medical building on 0.61 acres of land. Zoned GR-MU enables the ability to develop a five-story 25,000 square foot mixed-use of retail, office, or residential space.

FEATURES

- Strong Cash Flow

- Recession-Proof Tenant

- Redevelopment Potential

- Medical/Office Use

- Located in 78704

PROPERTY

- Property Type; Office

- Sub-Type; Medical

- RBA (sf); 6500

- Floors; 2

- Year Built; 2000

- Tenancy; Single

- Class; C

- Construction; Masonry

- Parking Type; Surface

- Land Area (ac); 0.61

- Zoning; GR-MU

DETAILS

Located inside the loop in Austin’s prized 78704 zip code & South Lamar neighborhood, 1707 Fortview is a rare single-tenant long term NNN investment opportunity.

The current tenant, Texas Health and Science University (THSU), was founded as the Texas Institute of Traditional Medicine in 1990. With two locations in Austin, this is their clinic and pharmacy division that has operated here since 2006. THSU is responsible for maintenance and upkeep, and the lease has 4 years remaining with two 5 year option extensions.

The property currently consists of a 6,500 SF office/medical building on 0.61 acres of land. Zoned GR-MU enables the ability to develop a five-story 25,000 square foot mixed-use of retail, office, or residential space.

- Sale Type; Investment

- Price; $3,950,000

- Cap Rate; 5.5

• Beautifully finished and move in

ready

• Easy access to Hwy 183, SH 45, Hwy

620, and Parmer Lane

• Highly sought after NW Austin

location

• Surrounded by established retail and

neighborhood communities

• Zoned GR-CO

• Suite has Four Offices with Reception,

Private Bath, & Break Area

• Perfect for Office, Physical Therapy,

Insurance, Software Development

• Easy Access to SH 130, Hwy 290, & IH-35

• Near Major Employers: Samsung & Dell

• Plenty of Natural Lighting & Parking

• Good Mix of Business Synergy

• 20 Minutes from Airport

• Unique free standing office building with

frontage on Anderson Mill

• Quick Access to Hwy 183

• Private offices and large open work areas

• Outdoor patio area

• Private Parking Lot with 10 spaces

• Austin 2 Mile ETJ

This unique redevelopment opportunity is adjacent to the proposed Windsor Park development. Close to IH-35, 290, and 183, this parcel is positioned for explosive growth.

Opportunity to own an office condo on Spicewood Springs Road. Multiple units in a variety of sizes and floor plans. Great views overlooking Stillhouse Hollow Nature Preserve. Common areas are being renovated and elevator to be installed.

Highlights

- NW Austin Office Condos

- Minutes From Downtown

Property Details

Address 4003 W Parmer Lane

City, State Zip Austin, TX 78727

Lot Size 3.9716 AC

Building Size 169,818 SF

Number of Floors 5

Number of Units 142

Average Unit Size 789 SF

Parking Spaces 149

• We currently have an approved site plan in hand for this 142 unit development. This is a shovel ready project

in Austin, TX. No zoning change is needed. As opposed to development friendly cities like Dallas and Houston,

Austin is not a development friendly city. Obtaining entitlements for any project is a long process. Shovel ready

sites in Austin for any product type are rare.

• The project is 3 miles to the east of the new 3,000,000 SF Apple office campus currently under construction. The

new Apple campus has already drastically improved the demographics in the area, which were already strong,

including a substantial increase in single family home values.

• The project is 2 miles to the northwest of The Domain, Austin’s 2nd downtown with dozens of high rise buildings,

restaurants and high end shopping.

• At five stories with building and monument signage, the project will have high drive-by visibility to Parmer Lane

(50,000 AADT).

• The building will be nestled among several groves of live oak trees, backing up to green space and a creek.

• Signalized access at Parmer Lane with prime monument signage opportunities.

• Plentiful visitor surface parking near front door (56 surface stalls).

Flexible suite sizes

Attractive park-like setting

Monument signage available

Naturally shaded, front-door parking (3.33/1,000)

0.88 AC (zoned C)

Northwest Austin

Visible from Hwy 183

Easy access to Hwy 183, FM 620, and Parmer Ln.

Minutes from numerous retail amenities at Lakeline Mall and Lake Creek Parkway

1st Structure - 4,763 sq ft - Includes

- Reception Area

- 5 Exam Rooms

- 2 Ultrasound Rooms

- 8 Offices Upstairs

- 4 Bathrooms, 2 on each floor

- Upstairs Kitchen, Basement Storage

2nd Structure - 2,464 sq ft - Includes

- Large Conference Room

- Nurse Reception & Waiting Area

- 2 bathrooms - one on each floor

- 2 Ultrasound Rooms

- 2 Exam Rooms

- 1 Office

- Kitchenette

-Treadmill / Heart Stress Test Room

-1 large room for meetings/classes

Incredible 78756 Location Across the Street from Central Market Situated along N. Lamar Blvd

2 Neighboring Free-standing Buildings

~1 Mile to Mopac & ~2 Miles from I-35

~2 Miles to UT Austin Campus & ~3 Miles to Downtown

Daily Traffic Count of Nearly 40,000 Vehicles Per Day on N. Lamar Blvd

Newly Renovated w/ Modern Upgrades

High Visibility Along Major Roadways

Amenity Rich Location on Austin’s East Side

Located in an Opportunity Zone

8 Executive Perimeter Offices & Central Conference Room

Private Restroom with Shower & 3 Individual Restrooms

Kitchenette

Access to Pool for Tenants/Owners

Tall Ceilings

Ample Parking

Available for Immediate Occupancy

Located in the heart of very desirable West Austin. Three private offices, large reception area, and a workroom area.

Direct access to MoPac Expressway, Bee Cave Rd, Cesar Chavez St, and Downtown Austin.

A Class A office project located in far north Austin anchored in a newly completed, mixed-use development. Offering six two-story buildings on FM 620 at Vista Park Drive and featuring walkability to numerous restaurants, retailers, and a hotel. Phase I, consisting of Buildings 1, 2, and 3, are under construction, will consist of two floors each, and will deliver beginning in Spring, 2021. Buildings are for sale and for lease.

$175 per SF

$180 per SF

Minutes from downtown, shopping,

dining & Zilker park

Freestanding building in a wooded,

parklike setting

Law firm currently occupies entire

building

Minutes from downtown, shopping,

dining & Zilker park

Freestanding building in a wooded,

parklike setting

Four tenants with short term leases

Minutes from downtown, shopping,

dining & Zilker park

Freestanding building in a wooded,

parklike setting

2nd floor available for user