10200 Highway 290 Highway
ActiveAustin, TX 78736
Stanberry REALTORS · MLS# 3032178 · Active
$2,200,000
Beds
0
Baths
0
Sq Ft
—
Acres
2.78
Built
1999
Type
Office
About This Home
Positioned on 2.78 acres with strong frontage along Highway 290, this investment property offers a compelling opportunity for both owner-users and investors seeking growth potential in the path of development between Austin and Dripping Springs. The site features a well-maintained 4,227 SF two-story office building comprised of 11 individual suites, complemented by a 1,152 SF garage structure that has been converted into 3 Office suites and 1 Garage spot for the owner, located at the rear of the property. Currently operating at approximately 70% occupancy, the asset provides immediate cash flow with additional upside through lease-up and future development. The property also benefits from supplementary income generated through an annual sign lease and ground lease. Located outside the city ETJ, the tract allows flexibility for expansion, with ample room to construct additional buildings to maximize returns in this high-demand corridor.
Interior
- Flooring
- Carpet, Linoleum, Tile, Vinyl
- Cooling
- Central Air, Electric
- Heating
- Central, Propane, Propane Stove
Exterior & Lot
- Parking
- Common, Concrete, Garage, Garage Door Opener, Garage Faces Front, Gravel, Parking Lot, Shared Driveway
- View
- Hill Country
- Condition
- Resale
Location
10200 Highway 290 Highway · Austin, TX 78736
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$2,200,000
10200 Highway 290 Highway