Three units leased to two tenants, this structure measures 11,334 square feet on a prime corner lot consisting of 15,563 square feet. This mixed-use corner lot at South Mays and Bagdad Avenue is presently occupied by The Inspired Studio, and Galaxy Automotive repair.
Two rents are well below market and should be substantially increased upon lease termination by 1/1/20. The properties maximum value would be achieved through renovating for a higher use or re-developing to a greater density.
Property Listed by: Realty Austin
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from November 18th, 2019 at 8:31am CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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