701 W 25th ST
Austin, TX, 78705
$3,800,000
Beds
0 Baths
4,396 SqFt
0.13 Acres
Add
Seller Financing available — One of the most prime if not the most prime locations in West Campus, Austin, Texas located on 25th St and Rio Grande in the University area of West Campus which is right by the University Of Texas. UT is one of the biggest universities nationwide, which is constantly growing. This area has hardly ever any vacancies due to the constant growth of the university and is perfect for those looking for constant income stream and consistent cashflow. This is located in University Neighborhood Outlay (UNO) which allows for much more significant heights to be developed at this same location thus there is huge opportunity to develop this and increase the cap rate. Parking requirements are also removed and set back requirements are also removed allowing for more maximizing of the land space to building something bigger and higher and newer. Perfect buy for those looking for consistent source of income or someone looking to tear down and redevelop. Ideal location for a fraternity/ sorority house. Commercial zoning on Rio Grande allows for even more possibilities. 145 ft maximum height restriction. The Chimneys was originally built in 1979 by Dr. Robert Snider. It consists of six 1 bed/ 1 bath units and two 2 bedroom/ 2 bath units. All units were recently renovated. Dell Medical School, LBJ Library, St. Davids Hospital, UT fields and football stadium are an easy walk from here. Guadalupe, “The Drag” is just 2 blocks away which has a multitude of restaurants, shopping, hotels, grocery, live music, entertainment, and just about anything else you need.

Property Details

Price:
$3,800,000
MLS #:
3295243
Status:
Active
Beds:
0
Baths:
0
Address:
701 W 25th ST
Type:
Commercial
Subtype:
Multi Family
Subdivision:
Watson
City:
Austin
Listed Date:
Jan 3, 2024
State:
TX
Finished Sq Ft:
4,396
ZIP:
78705
Lot Size:
5,702 sqft / 0.13 acres (approx)
Year Built:
1979
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Cooling
Central Air
Flooring
Carpet, Tile, Vinyl
Heating
Central

Exterior

Construction Materials
Frame, Stone
Other Structures
None
Parking Features
Asphalt

Financial

Buyer Agent Compensation
2.500%
Taxes
$32,991

Map

Community

Similar Listings Nearby

701 W 25th ST
Austin, TX