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Three units leased to two tenants, this structure measures 11,334 square feet on a prime corner lot consisting of 15,563 square feet. This mixed-use corner lot at South Mays and Bagdad Avenue is presently occupied by The Inspired Studio, and Galaxy Automotive repair. Two rents are well below market and should be substantially increased upon lease termination by 1/1/20. The properties maximum value would be achieved through renovating for a higher use or re-developing to a greater density.
|7979425 - Commercial Sale||New (0 days total)||$2,599,000|
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Property Listed by: Realty Austin
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from May 20th, 2019 at 12:25pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.