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Vacant-User

Research Blvd - Owner/User Opportunity

8401 Research Blvd, Austin, TX 78758

Listing Price: $2,050,000

Gross SF
5,685
Rentable SF
5,685
Price/Gross SF
$360.60
Lot Size
0.47 acres
Year Built
2001

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Owner/User Opportunity located at 8401 Research Blvd, Austin TX, 78758. This 5,685 SF multi-tenant asset was built in 2001 and is situated on 0.47 AC of land off the corner of Research Blvd & Clearfield Dr. The seller currently occupies 4,085 SF, which is being marketed as vacant upon sale. The remaining tenants, D&M Auto Insurance and Beauty Salon, are on gross, month-to-month leases and have been tenants since 2015 and 2007, respectively. The asset is exceptionally well located - Toyota is across Research Blvd and national retailers within a mile include Target, PetSmart, Advance Auto Parts, Hobby Lobby, Planet Fitness, and many more. A new investor or owner/user would also benefit from frontage on Research Blvd (16,363 VPD), easy access to US-183 (144,245 VPD) and the property being equidistant from Mopac Expy (2.5 miles away) and I-35 (2.5 miles away), the two major highways of Austin, TX. Nearby growth and economy are strong - an 11.6 percent population increase was recorded from 2010-2022 with an average household income of $89,389, both within 3 miles of the site. This would be an excellent owner/user opportunity for a business looking to benefit from a central location with easy access to US-183 looking to take advantage of several opportunities. The in-place additional income to off-set real estate operating costs is quite rare within the Austin marketplace. Comparable, similarly located assets are trading at an average of $382/SF, while this asset is priced at just $360/SF. Additionally, the current tenants pose a strong value add opportunity - a new owner could raise rents incrementally whilst converting them to NNN, further increasing their return on the property while overall property values increase in the submarket over the coming years.

Investment Highlights

  • Rare, Centrally Located Owner/User Opportunity Offering Additional Income
  • Value Add Opportunity - a New Owner/User Could Convert the Current Gross Leases to NNNs, Capturing Additional Income Potential
  • Exceptionally Located - Proximate to Anywhere in the City of Austin with Frontage on Research Blvd (16,363 VPD) and Easy Access to US-183 (144,245 VPD)
  • Dense Retail Corridor - Toyota is Across Research Blvd and National Retailers Within a Mile Include Target, PetSmart, Advance Auto Parts, Hobby Lobby, Planet Fitness
  • Growing Nearby Demographics and Economy- an 11.6 Percent Population Increase was Recorded from 2010-2022 with an Average Household Income of $89,389, Both Within 3 Miles of the Site

Exclusively Listed By

Vacant-User

Research Blvd - Owner/User Opportunity

Listing Price: $2,050,000

Gross SF
5,685
Rentable SF
5,685
Price/Gross SF
$360.60
Lot Size
0.47 acres
Year Built
2001

Investment Highlights

  • Rare, Centrally Located Owner/User Opportunity Offering Additional Income
  • Value Add Opportunity - a New Owner/User Could Convert the Current Gross Leases to NNNs, Capturing Additional Income Potential
  • Exceptionally Located - Proximate to Anywhere in the City of Austin with Frontage on Research Blvd (16,363 VPD) and Easy Access to US-183 (144,245 VPD)
  • Dense Retail Corridor - Toyota is Across Research Blvd and National Retailers Within a Mile Include Target, PetSmart, Advance Auto Parts, Hobby Lobby, Planet Fitness
  • Growing Nearby Demographics and Economy- an 11.6 Percent Population Increase was Recorded from 2010-2022 with an Average Household Income of $89,389, Both Within 3 Miles of the Site

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Owner/User Opportunity located at 8401 Research Blvd, Austin TX, 78758. This 5,685 SF multi-tenant asset was built in 2001 and is situated on 0.47 AC of land off the corner of Research Blvd & Clearfield Dr. The seller currently occupies 4,085 SF, which is being marketed as vacant upon sale. The remaining tenants, D&M Auto Insurance and Beauty Salon, are on gross, month-to-month leases and have been tenants since 2015 and 2007, respectively. The asset is exceptionally well located - Toyota is across Research Blvd and national retailers within a mile include Target, PetSmart, Advance Auto Parts, Hobby Lobby, Planet Fitness, and many more. A new investor or owner/user would also benefit from frontage on Research Blvd (16,363 VPD), easy access to US-183 (144,245 VPD) and the property being equidistant from Mopac Expy (2.5 miles away) and I-35 (2.5 miles away), the two major highways of Austin, TX. Nearby growth and economy are strong - an 11.6 percent population increase was recorded from 2010-2022 with an average household income of $89,389, both within 3 miles of the site. This would be an excellent owner/user opportunity for a business looking to benefit from a central location with easy access to US-183 looking to take advantage of several opportunities. The in-place additional income to off-set real estate operating costs is quite rare within the Austin marketplace. Comparable, similarly located assets are trading at an average of $382/SF, while this asset is priced at just $360/SF. Additionally, the current tenants pose a strong value add opportunity - a new owner could raise rents incrementally whilst converting them to NNN, further increasing their return on the property while overall property values increase in the submarket over the coming years.

Exclusively Listed By

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