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Office Vacant-User

Payne Office Building

2107 Payne Ave, Austin, TX 78757

Listing Price: $1,435,000

Cap Rate
1.00%
Gross SF
3,600
Rentable SF
3,600
Price/Gross SF
$398.61
Lot Size
0.16 acres
Year Built
2007

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 2107 Payne Ave in Austin, TX 78757. This 3,500 office, 3 story property is situated in the heart of Austin, TX. The property, zoned CS (Commercial Services) is an excellent opportunity for a new owner user as the current occupier is vacating the space. There are 12 offices and several hundred thousand dollars of improvements have been made to the building. The location speaks for itself being just steps away from Burnet Rd and minutes from N Lamar Blvd. It also is close to Downtown, UT Campus, Allendale & North Loop neighborhoods, to name a few. The property benefits from strong nearby demographics an 6.86 percent increase in population growth projected from 2020 2025 within 5-miles of the site. The economy is just as healthy average household income $108,885 within 5-miles.

Investment Highlights

  • Great Opportunity for Co-Working or Owner-Occupant
  • There are 12 Separate Offices on Site. On the Bottom Floor, there is a Standalone Office Space
  • Renovations to the Building, Including a 3rd Floor Conference Room, Wood Fixtures and Flooring and a Shared Kitchenette
  • Rare Opportunity to Purchase and Office Located in a Thriving, Well-Known Austin Neighborhood

Exclusively Listed By

Office Vacant-User

Payne Office Building

Listing Price: $1,435,000

Cap Rate
1.00%
Gross SF
3,600
Rentable SF
3,600
Price/Gross SF
$398.61
Lot Size
0.16 acres
Year Built
2007

Investment Highlights

  • Great Opportunity for Co-Working or Owner-Occupant
  • There are 12 Separate Offices on Site. On the Bottom Floor, there is a Standalone Office Space
  • Renovations to the Building, Including a 3rd Floor Conference Room, Wood Fixtures and Flooring and a Shared Kitchenette
  • Rare Opportunity to Purchase and Office Located in a Thriving, Well-Known Austin Neighborhood

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 2107 Payne Ave in Austin, TX 78757. This 3,500 office, 3 story property is situated in the heart of Austin, TX. The property, zoned CS (Commercial Services) is an excellent opportunity for a new owner user as the current occupier is vacating the space. There are 12 offices and several hundred thousand dollars of improvements have been made to the building. The location speaks for itself being just steps away from Burnet Rd and minutes from N Lamar Blvd. It also is close to Downtown, UT Campus, Allendale & North Loop neighborhoods, to name a few. The property benefits from strong nearby demographics an 6.86 percent increase in population growth projected from 2020 2025 within 5-miles of the site. The economy is just as healthy average household income $108,885 within 5-miles.

Exclusively Listed By

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