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4507 E Martin Luther King Jr Blvd
Austin, TX 78721 East MLK

$495,000 USD

Apartments Condo For Sale  •  1,163 SF

Property Details

  • Property Type Apartments
  • Total Building Size 14,544 SF
  • Lot Size 0.86 AC
  • Building Class B
  • Year Built 2020
  • Cap Rate 6.32 %
  • Zoning GR/MU/NP
50 Transit Score
50 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit B Office/Retail 1,163 SF $495,000 USD
  • Unit Size: 1,163 SF
  • Condo Use: Office/Retail
  • Price: $495,000 USD
  • Sale Type: Investment
  • Price/SF: $425.62 USD
Description
This mixed-use condominium is located in one of the fastest-growing areas of East Austin. The first-floor features four retail and office condo units, while the second and third floors consist entirely of residential condos. Built in 2020, the property offers excellent visibility from Martin Luther King Jr. Blvd., one of the busiest corridors in East Austin, and is accessible from both MLK and Springdale Road.

Sale Notes
Unit B, currently offered for sale, is occupied by a well-established barbershop—an ideal tenant for this rapidly growing area. The lease has more than four years remaining, providing stable income for the next owner. The space features a generous layout with 12-foot ceilings, creating an open and inviting atmosphere. Unit A is also available for sale; please inquire for detailed information. Unit B includes three reserved parking spaces, with additional parking available on site. This is truly a one-of-a-kind, fully occupied retail opportunity in East Austin.

Description

This three-story mixed-use building features Unit B for sale with a brand-new five-year lease to a barbershop.  The retail space is priced to sell and sits on a prominent wraparound corner with access to both East Martin Luther King Jr. Blvd. and Springdale Road.

Highlights

High-visibility wraparound corner with very heavy car traffic.
Cap Rate: 6.32 %

Public Transportation

Commuter RailDriveWalkDistance
11 min - 5.4 mi
AirportDriveWalkDistance
Austin-Bergstrom International 22 min - 10.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 28
Type: Surface
Included in Rent: Yes
Jae Park 512-736-3317 JSP Construction Investment
Jae Park 512-736-3317 JSP Construction Investment