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10400 Menchaca Rd - Lustre Pearl South

2.86 Acres of Commercial Land in Austin, TX 78748

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INVESTMENT HIGHLIGHTS

Redevelopment
Investment Opportunity

Lease Back

EXECUTIVE SUMMARY

SRS Capital Markets has been exclusively retained to offer to qualified investors the rare opportunity to acquire Lustre Pearl South (the “Site” or “Property”), a 2.86 acre developable site in South-Central Austin that is currently leased to one of Austin’s most iconic bar concepts - Lustre Pearl South (the “Tenant”).
The Property is being offered for sale multiple ways: (i) free and clear of any existing lease, (ii) a flexible short-term lease, or (iii) a long-term lease with the Tenant.
PLEASE DO NOT DISTURB TENANT

SRS_ES_Lustre Pearl South

PROPERTY FACTS

Sale Type	Investment or Owner User	Property Subtype	Commercial
No. Lots	1	Total Lot Size	2.86 AC
Property Type	Land

Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Total Lot Size	2.86 AC

1 LOT AVAILABLE

Lot

Lot Size	2.86 AC

Lot Size	2.86 AC

Located in the heart of South Austin’s Entertainment District, & in Austin’s ETJ allowing investors the opportunity to acquire a sizable land tract with limited development hurdles while benefiting from an income stream.

DESCRIPTION

2.86 acre developable site in South-Central Austin that is currently leased to one of Austin’s most iconic bar concepts - Lustre Pearl South (the “Tenant”). Lustre Pearl South features 8,245 SF of existing improvements that include a traditional Texas Ice House with a live music stage & big screen televisions, an upscale event space, as well as an expansive outdoor area shaded by mature oak trees.

PROPERTY TAXES

Parcel Number	347040	Improvements Assessment	£408,959
Land Assessment	£792,906	Total Assessment	£1,201,865

PROPERTY TAXES

Parcel Number

347040

Land Assessment

£792,906

Improvements Assessment

£408,959

Total Assessment

£1,201,865

ZONING

Zoning Code	ETJ (Located in Austin’s ETJ allowing investors the opportunity to acquire a sizable land tract with limited development hurdles)
ETJ (Located in Austin’s ETJ allowing investors the opportunity to acquire a sizable land tract with limited development hurdles)