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$3,720,000
12 Days On Site

2708 E Cesar Chavez ST
Austin, TX 78702

For Sale|Retail|Active
0
Beds
0
Full Baths
0
Partial Baths
3,543
SqFt
$1,050
/SqFt
2017
Built
Subdivision:
Division O
County:
Travis
2708 E Cesar Chavez ST2708 E Cesar Chavez ST2708 E Cesar Chavez ST2708 E Cesar Chavez ST
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Monthly Payment (Est.)

$16,972
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

The restaurant name was withheld for tenant privacy, but this East Austin Michelin-recommended restaurant is within Austin's pre-eminent hospitality group with accolades almost too numerous to mention. - The group has an unprecedented 6 Michelin Awards, including a Michelin Star awarded in 2024, Bon Appetit - Hot Ten Best New Restaurants, Robb Report - 10 Best New Restaurants In America, Esquire Magazine's 40 Best New Restaurants In America, Austin American Statesman Best Austin Restaurants 2018, Michelin Bib Gourmand Award For Sustainability, and more. - This award-winning East Austin restaurant is one of the Hospitality Group's 12 fine dining establishments. In particular, since opening in early 2023, it's earned a 2024 Michelin Guide Recommendation, Texas Monthly Best New Restaurants, New York Times' Best Restaurants In Austin Right Now, and Texas Monthly - Best Places To Drink Wine In Austin. - Located in the Holly Street District, according to Time Out Magazine 2019, it's “one of the top 25 coolest neighborhoods in the world”. After a boom in food options and culinary creativity over the last decade, the area is known for an eclectic mix of local and international flavors and a diverse blend of casual eateries, trendy spots, cocktail bars, breweries, and hidden gems. - Texas' business-friendly environment, lack of state corporate or income taxes, higher quality of life, and deep talent pool appeal to businesses considering moving to Austin. Job growth and company relocations continue to drive population growth ahead of any other major market in the country. Since 2010, Austin's population has outperformed the second-fastest-growing market, Raleigh, by more than 7.5%. - 5 years remaining on the initial lease term at a strong average cap rate of 5.61%, look forward to a 6.23% average cap rate during the first 7-year renewal period, and an even stronger 7.04% cap rate in the second 7-year renewal term, subject to tenant renewal.

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Listing Snapshot
Price 
$3,720,000
Days On Site 
12 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,543 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3878 Acres
Year Built 
2017
MLS® Number 
6694677
Status 
Active
Property Tax 
$43,549
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Owner
Friends & Family
Recent Activity
2 weeks agoListing first seen on site
2 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.3878
Disclosures 
Rental Records Available
Foundation 
Slab
Green Energy Efficient 
Insulation
Number Of Stories 
1
Parking 
Additional ParkingAlley AccessAsphaltAssignedDeededDrivewayOff StreetOversizedParking LotPaved
Parking Spaces 
28
Property Condition 
Updated/Remodeled
Property Sub Type 
Retail
Security 
Smoke Detector(s)Closed Circuit Camera(s)Fire AlarmFire Sprinkler System
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
3543
Utilities 
Electricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected
Water Source 
Public
Zoning 
CS-CO-MU-NP
Interior Features
Cooling 
Central AirElectricMulti Units
Flooring 
Concrete
Heating 
CentralForced AirNatural Gas
Interior 
High Speed Internet
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Exterior Features
Construction Details 
HardiPlank TypeAttic/Crawl Hatchway(s) InsulatedSpray Foam InsulationAluminum SidingCement SidingWood Siding
Lot Features 
Level
Other Structures 
None
View 
None
Waterview 
None
Community Features
Accessibility Features 
Accessible EntranceAccessible Approach with RampCommon AreaAccessible DoorsGrip-Accessible FeaturesAccessible Hallway(s)
Financing Terms Available 
CashConventional
MLS Area 
5
Listing courtesy of Compass RE Texas, LLC Jeffrey.Schnabel@Compass.com


All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings courtesy of ACTRIS as distributed by MLS GRID. 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 last update - 2024-10-29 07:00 PM CDT

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Neighborhood & Commute
Source: Walkscore
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