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What does $1 Million Dollars buy you in Commercial Real Estate in Austin?

What does $1 Million Dollars buy you in Commercial Real Estate in Austin?

A traditional Commercial Loan requires 20% down minimum.  

Downpayment is based on Borrowers Experience, Financials, and Credit.

$1 Million Dollar purchase requires a minimum of 20% down.  For new Commercial Buyers we recommend 25%-30% down for qualification. So your downpayment will be a minimum of $200,000.

Wondering what you can buy if you have a $200,000 downpayment?

We pulled some listings currently on the market in Austin Texas to give you an idea of what is available.

 

South Austin Building for Sale.png

Great 1940s converted bungalow. Excellent visibility and signage on Manchaca near Lamar.

Price: $975,000

Building Area: 2,336 SF

Austin Auto Shop for Sale.png

Nice Location on N. Highway 183.

Price: $950,000

Building Area: 4,446 SF

South Lamar Building for Sale.png

Rare Location on South Lamar, Great Signage, Free Standing, Creative Office Space or Retail.

Price: $985,000

Building Area: 1,290 SF

Central Austin Building for Sale.png

Central Austin near Burnet Rd.

Price: $998,000

Building Area: 4,800 SF

Minimum Downpayment = $200,000

Tax Code Update and it's Impact on Commercial Real Estate

Tax Code Update and it's Impact on Commercial Real Estate

As a Commercial Real Estate Broker I am often asked for guidance on decisions my clients are making.    No matter the transaction size we want our clients as educated as possible on legal and tax implications.

 

CodeNEXT Draft 2.0, What it Means for East Austin

CodeNEXT Draft 2.0, What it Means for East Austin

The City of Austin released their second draft of the long awaited and largely controversial CodeNEXT zoning revisions last Friday, September 15th. The draft comes in response to the first round of comments and suggestions from the community, and mayor Steve Adler urged critics to continue engaging in the revision process in order to make the third draft more representative of the city's needs. 

Slow Drives and Side Streets: Urban Geography and Commercial Market Analysis

Slow Drives and Side Streets: Urban Geography and Commercial Market Analysis

It's amazing what one can glean from a slow drive through a neighborhood. The urban geography of an area like East Austin says so much about the market by way of its housing stock, architectural trends, successful local businesses and failed ones, too. But what (or rather, who?) is a, "market"? And how does walking past Cisco's on East 6th tell you anything about it?

 V. Bruce Evans CCIM ~Joins the Beck-Reit Commercial Team

V. Bruce Evans CCIM ~Joins the Beck-Reit Commercial Team

Broker and Agent V. Bruce Evans has joined the Beck-Reit Commercial team as an agent, analyst, and, more specifically, as our Buyer's Specialist. V. Bruce is a man of many merits, all of which we are grateful for as Beck-Reit Commercial continues to grow, so it's important we give him a proper introduction to make his skills and knowledge known to our Clients & Community.