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Shoe Palace (Nice Kicks) 2900 Guadalupe St

3,193 SF 100% Leased Retail Building Austin, TX 78705 £2,370,030 (£742/SF) 7.43% Net Initial Yield

Investment Highlights

  • Situated on the iconic Guadalupe Street (“The Drag”), directly adjacent to the University of Texas at Austin, with 53,864 students
  • Strong future appreciation potential as Austin continues its trajectory as a tech and cultural hub.
  • Easily accessible from major roadways such as IH-35 & Mopac Expressway, ensuring ease of access for both locals and visitors

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,193 SF
Building Class
C
Year Built
1933
Price
£2,370,030
Price Per SF
£742
Net Initial Yield
7.43%
NOI
£176,086
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.49
Land Acres
0.15 AC
Zoning
CS-CO-NP
Parking
13 Spaces (4.07 Spaces per 1,000 SF Leased)
Frontage
53 ft on Guadalupe St

Amenities

  • Signalised Intersection
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Five Guys
Anytime Fitness
Starbucks
Snooze an A.M. Eatery
WaFd Bank
Chase Bank
Torchy's Tacos
Bank of America
P. Terry's
CAVA

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
211435
Land Assessment
£606,728
Improvements Assessment
£864,722
Total Assessment
£1,471,450
  • Listing ID: 33453419

  • Date on Market: 08/10/2024

  • Last Updated:

  • Address: 2900 Guadalupe St, Austin, TX 78705

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