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5115 N Lamar Blvd
Austin, TX 78751 North Loop

$1,500,000

Storefront Retail Office For Sale  •  5,834 Sq Ft

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 5,834 Sq Ft
  • Lot Size 0.25 ac
  • Building Class C
  • Year Built 1942
  • Cap Rate 8.80 %
  • Zoning CS
54 Transit Score
66 Walk Score

Description

One of the great addresses in Austin, 5115 N. Lamar is just north of downtown in the North Loop neighborhood. Originally built in prewar 1942 as a classically design single family home, the property has been converted to office use for the needs of today. Great opportunity for a owner/user such as medical, legal, engineering and a host of other potential users.

Highlights

Billboard on the property is valued at $250,000 and pays $1000/month
Great Location just north of downtown Austin.
Seller will lease back the building for six months from closing at $10,000 per month plus NNN.
The Billboard on site pays annual rent of $12,000.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $132,000 (2019)
Cap Rate: 8.80 %
Total Expenses: $0

Amenities

  • 24 Hour Access

Public Transportation

Commuter RailDriveWalkDistance
Highland Station Commuter Rail (Capital MetroRail) 4 min - 1.4 mi
Crestview Station Commuter Rail (Capital MetroRail) 4 min - 1.7 mi
AirportDriveWalkDistance
Austin-Bergstrom International Airport 27 min - 13.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
David Buttross 512-970-8932 Buttross Asset Management
David Buttross 512-970-8932 Buttross Asset Management