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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

Survey

billboard lease 5115 n lamar

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lamar floor plans

5115 N Lamarfloorplannottoscale

Financial Summary (Proforma)

Net Operating Income: $132,000 (2019)

Cap Rate:	8.80 %
Total Expenses:	$0

Amenities

24 Hour Access

Public Transportation

Commuter Rail	Drive	Walk	Distance
Highland Station Commuter Rail (Capital MetroRail)	4 min	-	1.4 mi
Crestview Station Commuter Rail (Capital MetroRail)	4 min	-	1.7 mi
Airport	Drive	Walk	Distance
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

5115 N Lamar Blvd Austin, TX 78751 North Loop