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$492,500
Est. payment /mo
1,160 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,160 sqft
Price per Sqft $424
Subdivision Eagle View Place Condominiums
MLS Listing ID 7125943
Originating Board actris
Year Built 2016
Annual Tax Amount $12,221
Tax Year 2024
Lot Size 3,615 Sqft
Acres 0.083
Property Sub-Type Mixed Use
Property Description
Located in the heart of East Austin's rapidly developing Springdale corridor, 4505 E. Martin Luther King Jr. Blvd, Unit A offers business owners and investors a strategic opportunity. This 1,058 SF commercial condo is part of Eagle View Place, a mixed-use development situated directly across from Morris Williams Golf Course and minutes from Mueller and Downtown Austin. With daily traffic counts exceeding 30,000 vehicles at the signalized intersection of E. MLK Jr. Blvd and Springdale Rd, the property provides excellent visibility and includes exterior signage rights.
Currently built out for retail, the space features an open layout, ADA-compliant restroom, and water fountain. It's well-suited for a variety of uses, including professional services, salon or barbershop, boutique retail, or a live/work concept. Additionally, the property's zoning permits hotel/motel use, offering strong potential for a short-term rental conversion.
This asset is listed below the Travis Central Appraisal District's 2024 assessed value of $616,680, providing immediate value upside. With market rents in the area averaging $28/SF NNN and low vacancy rates for spaces under 1,500 SF, this is a compelling opportunity for both owner-users and investors. As a NNN investment, tenants are responsible for taxes, insurance, and association dues, making this a low-maintenance asset in a high-demand market.
Whether you're looking to secure a headquarters, expand your portfolio, or establish a presence in one of Austin's most active submarkets.
Currently built out for retail, the space features an open layout, ADA-compliant restroom, and water fountain. It's well-suited for a variety of uses, including professional services, salon or barbershop, boutique retail, or a live/work concept. Additionally, the property's zoning permits hotel/motel use, offering strong potential for a short-term rental conversion.
This asset is listed below the Travis Central Appraisal District's 2024 assessed value of $616,680, providing immediate value upside. With market rents in the area averaging $28/SF NNN and low vacancy rates for spaces under 1,500 SF, this is a compelling opportunity for both owner-users and investors. As a NNN investment, tenants are responsible for taxes, insurance, and association dues, making this a low-maintenance asset in a high-demand market.
Whether you're looking to secure a headquarters, expand your portfolio, or establish a presence in one of Austin's most active submarkets.
Location
State TX
County Travis
Zoning GR-NP - Hotel/Motel use
Interior
Heating Central
Cooling Central Air
Flooring Concrete
Fireplace No
Exterior
Utilities Available Electricity Connected, High Speed Internet, Sewer Connected, Water Connected
View Golf Course
Total Parking Spaces 3
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type See Remarks
New Construction No
Others
Special Listing Condition Standard
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Listed by Devora Realty
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