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Office Condo For Sale • 1,603 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 2nd Floor - Unit 260 | Office | 1,603 SF | Price Upon Request | |
DescriptionExcellent opportunity to acquire a fully leased professional office condominium in one of North Central Austin's most established office corridors. Suite 260 offers approximately 1,520 square feet of well-maintained office space with a long-term tenant already in place, creating immediate, stable cash flow for investors. Ideally located on Steck Avenue with convenient access to MoPac (Loop 1), Highway 183, Burnet Road, and North Austin's major employment centers, the property offers exceptional accessibility for clients and employees alike. Property features include: Approximately 1,520 SF Strong long-term tenant in place Lease secured through December 2029 Scheduled annual rent increases Reserved covered parking plus additional common parking Professional office environment Excellent North Central Austin location Ideal for 1031 exchange buyers or investors seeking passive income Stable occupancy with immediate cash flow from closing Whether you're expanding your commercial investment portfolio or seeking a low-maintenance income-producing asset in a highly desirable Austin submarket, this leased office condominium presents an outstanding opportunity with long-term upside. Sale NotesSee Agent |
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Excellent investment opportunity in the heart of North Central Austin! This fully leased professional office condominium offers approximately 1,520 square feet of well-maintained office space with an established tenant in place through December 31, 2029, providing immediate cash flow and long-term income stability with scheduled rent increases in 2028 and 2029, offering built-in income growth. Conveniently located with easy access to MoPac, Highway 183, Burnet Road, The Domain, and Downtown Austin, this property features reserved covered parking, additional guest parking, and a professional office environment. An outstanding opportunity for investors, 1031 exchange buyers, or those seeking a stable, income-producing commercial asset in one of Austin's most desirable office corridors. Please do not disturb the tenant. Showings by appointment only
| 100% Occupied |
| Lease Through December 31, 2029 |
| Annual Contractual Rent Increases |
| Immediate Cash Flow |
| Estimated 5.06% Cap Rate (based on current known income and HOA expense) |
| Reserved Covered Parking |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| 100 Club Of Central Texas | ||
| Advanced Sleep Center | ||
| EZ Financial Group | ||
| Lockart Panagiotou | ||
| Nine Point Mesa Land & Cattle Co | ||
| Oakwell Private Wealth Management | ||
| Texas Association Of Manufacturers | ||
| Texas Pharmacy Association | ||
| The Law Office Of Janet McCullar, P.C. | ||
| The Pinnacle Group at Compass |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 13 min | - | 8.3 mi | |
| Airport | Drive | Walk | Distance |
| Austin-Bergstrom International | 32 min | - | 20.2 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 70 |
| Type: | Surface |
| Included in Rent: | Yes |
Theresa Brown
Coldwell Banker Commercial Realty
Theresa Brown
Coldwell Banker Commercial Realty