The Rise | 204 S Austin St
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The Rise 204 S Austin St
4,954 SF Retail Building Seguin, TX 78155 $979,000 ($198/SF) 5.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Downtown Seguin across from courthouse
- Large open spaces
- Balcony overlooking Austin St and the front of the Courthouse
- Tons of natural light
- Unique, open and spacious
- Bar and plenty of seating area
EXECUTIVE SUMMARY
Prime Downtown Location: The Rise is situated at 204 South Austin Street, right in the heart of Seguin. This central location provides excellent visibility and accessibility for customers.
New Roof: A new roof was just completed giving the buyer a fresh start with the reassurance and protection of a new roof.
Historical Charm: The building exudes historical charm with its industrial design. The exposed brick walls, high ceilings, and large windows create a unique atmosphere that can be leveraged for a trendy bar or restaurant.
Open Concept Floor Plan: The open layout allows for flexible interior design. Buyers can easily configure the space to accommodate a bar area, dining section, and perhaps even a stage for live music or events.
Conference Room: The property features a spacious conference room that can hold up to 20 people. This room could be repurposed as a private dining area or used for hosting special events.
Private Desk Spaces: Upstairs, there’s an exclusive area with private, dedicated desk spaces overlooking Austin Street. This could serve as a VIP lounge or a cozy corner for patrons.
Balcony: The private desk space also includes a balcony, perfect for outdoor seating or a rooftop bar. Imagine guests enjoying drinks with a view!
Refreshment Center: The shared space offers a refreshment center with coffee and snacks. Buyers could enhance this area to create a cozy café or barista station.
Networking Opportunities: The coworking environment fosters networking. Buyers can leverage this community to attract regulars and build a loyal customer base.
Soundproof Pods: The Rise has private, soundproof pods—ideal for creating intimate dining booths or themed seating areas.
Tech-Ready: With WiFi, TVs, and printing facilities, the infrastructure is already in place for a tech-savvy establishment.
In summary, The Rise Coworking Offices offer a blend of history, flexibility, and community—a perfect canvas for transforming into a vibrant bar or restaurant. Buyers can capitalize on the prime location and unique features to create a memorable dining experience. ??
New Roof: A new roof was just completed giving the buyer a fresh start with the reassurance and protection of a new roof.
Historical Charm: The building exudes historical charm with its industrial design. The exposed brick walls, high ceilings, and large windows create a unique atmosphere that can be leveraged for a trendy bar or restaurant.
Open Concept Floor Plan: The open layout allows for flexible interior design. Buyers can easily configure the space to accommodate a bar area, dining section, and perhaps even a stage for live music or events.
Conference Room: The property features a spacious conference room that can hold up to 20 people. This room could be repurposed as a private dining area or used for hosting special events.
Private Desk Spaces: Upstairs, there’s an exclusive area with private, dedicated desk spaces overlooking Austin Street. This could serve as a VIP lounge or a cozy corner for patrons.
Balcony: The private desk space also includes a balcony, perfect for outdoor seating or a rooftop bar. Imagine guests enjoying drinks with a view!
Refreshment Center: The shared space offers a refreshment center with coffee and snacks. Buyers could enhance this area to create a cozy café or barista station.
Networking Opportunities: The coworking environment fosters networking. Buyers can leverage this community to attract regulars and build a loyal customer base.
Soundproof Pods: The Rise has private, soundproof pods—ideal for creating intimate dining booths or themed seating areas.
Tech-Ready: With WiFi, TVs, and printing facilities, the infrastructure is already in place for a tech-savvy establishment.
In summary, The Rise Coworking Offices offer a blend of history, flexibility, and community—a perfect canvas for transforming into a vibrant bar or restaurant. Buyers can capitalize on the prime location and unique features to create a memorable dining experience. ??
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,954 SF
Building Class
C
Year Built/Renovated
2002/2020
Price
$979,000
Price Per SF
$198
Cap Rate
5.11%
NOI
$50,000
Tenancy
Single
Building Height
2 Stories
Building FAR
1.14
Lot Size
0.10 AC
Zoning
Commercial (C)
Parking
4 Spaces (0.81 Spaces per 1,000 SF Leased)
Frontage
79 FT on Austin St
AMENITIES
- Restaurant
- Signage
- Storage Space
- Air Conditioning
- Balcony
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1G1460-0165-00200-0-00 | Improvements Assessment | $334,414 |
| Land Assessment | $35,586 | Total Assessment | $370,000 |
PROPERTY TAXES
Parcel Number
1G1460-0165-00200-0-00
Land Assessment
$35,586
Improvements Assessment
$334,414
Total Assessment
$370,000
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The Rise | 204 S Austin St
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