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505 E 7th St
Austin, TX 78701

$2,595,000 USD

Freestanding For Sale • 6,334 SF

Property Details

Property Type Freestanding
Total Building Size 6,361 SF
Lot Size 0.14 AC
Building Class C
Year Built 1961
Tenancy Single
Zoning CBD

65 Transit Score

95 Walk Score

                
                    Highlights
                
                                Below-Market Lease: Secured during the pandemic, the current lease is only $43,512 base yearly rent NNN, with 4% annual increases until 12/31/2030
                            
                                Unmatched Upside: Acquire today at a steep discount and benefit from future value appreciation as the lease nears its end.
                            
                                Prime Redevelopment Opportunity: Perfect for an end-user or developer looking to capitalize on Austin’s explosive growth.

Major Tenants

Tenant	SF Occupied	Lease End Date
Kingdom Nightclub	5,888 SF	12/31/2030

Amenities

Tenant Controlled HVAC
Accent Lighting
Recessed Lighting
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Austin (Texas Eagle - Amtrak)	4 min	-	1.5 mi
Airport	Drive	Walk	Distance
Austin-Bergstrom International	21 min	-	11.1 mi

Tarek Morshed 512-799-8001 The Morshed Group

505 E 7th St Austin, TX 78701