Retail or Office_ Fully Leased 2303 Parmer Ln 1,684 SF Retail Building Austin, TX 78727 $1,350,000 ($801.66/SF)
INVESTMENT HIGHLIGHTS
- Heavy Day Time Traffic
- Located in the heart of a lot of Silicon Company
- Close to Main Highway of Loop 1 & i35
EXECUTIVE SUMMARY
Prime Investment Opportunity: Retail Building for Sale!
Located in the heart of Silicon Lane, this retail building sits among the campuses of major tech companies such as Apple, Dell, NXP, Samsung, and Oracle.
Just 1 minute from Mopac Highway and 5 minutes from I-35 Freeway.
Easily accessible via Parmer Lane, a six-lane road.
Parmer Lane's average annual daily traffic (AADT) is projected to increase by over 50% by 2030, offering excellent future growth potential.
The property is leased through 2028, with a stable tenant operating a profitable business.
Located in the heart of Silicon Lane, this retail building sits among the campuses of major tech companies such as Apple, Dell, NXP, Samsung, and Oracle.
Just 1 minute from Mopac Highway and 5 minutes from I-35 Freeway.
Easily accessible via Parmer Lane, a six-lane road.
Parmer Lane's average annual daily traffic (AADT) is projected to increase by over 50% by 2030, offering excellent future growth potential.
The property is leased through 2028, with a stable tenant operating a profitable business.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,684 SF
Building Class
C
Year Built
1973
Price
$1,350,000
Price Per SF
$801.66
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.30 AC
Zoning
GC - Commercial & MU of Austin City
Parking
16 Spaces (9.5 Spaces per 1,000 SF Leased)
Frontage
73’ on Parmer Ln
AMENITIES
- Pylon Sign
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 266736 | Improvements Assessment | $173,832 |
| Land Assessment | $265,500 | Total Assessment | $439,332 |
