Commercial Zoned House - Prime Location for Rehab / Renovation into Office Space
Another listing goes quick to contract and quick to close in East Austin. Hartford Properties, LLC sold the 1,400 SF bungalow house zoned commercial at 1205 Cesar Chavez above asking price after only 13 days on the market. The building is located just five minutes from Downtown and Rainey Street. From the front door, you can walk to the new Fairmont, Convention Center, and just 4 blocks to the Plaza Saltillo Development. The new owners plan to do a complete renovation of the property.
DeLea Becker with Beck-Reit Commercial Real Estate represented the Seller. Derrik Davis of the Davis Agency represented the Buyers.
“Retail and Office tenants are flocking to East Austin to be a part of the redeveloping area,” DeLea shares. "Prices and Rental Rates continue to climb but the close proximity to downtown and new developments make the urban lifestyle high desirable, so many are willing to pay the high price. Next door, 1201 Cesar Chavez "The Otto", is undergoing a Full Renovation to the tune of $1.6 Million. Beck-Reit Commercial is the Project Manager and Leasing Agent, interested tenants are already making offers to lease space. Space will be delivered early 2018."