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

AGENTS

Matt Houston

Associate
Email: [email protected]
Direct: 737.867.0000

DOCUMENTS

PHOTOS