730 Fm 1626, Austin, TX 78748
- $4,200,000
- List Price
- $4,200,000
- Status
- ACTIVE
- MLS#
- 6560259
- Days on Market
- 12
- Area
- Austin - South, Austin - Southwest
Property Description
730 W FM 1626 is a stabilized asset, leased to a fiber optic company on a Triple Net lease. The property features a recently remodeled 4,190-square-foot warehouse, a 600-square-foot recently remodeled warehouse, and an additional storage building situated on an approximately 3.36-acre parcel. Net Operating Income currently exceeds $250,000. 4.5% annual base rent escalations translates to a Net Operating Income of over $365,000 in the final year of the lease - 8 years from now. There is a significant value-add component to this investment opportunity, as well. Unrestricted ETJ zoning allows for tremendous redevelopment potential upon vacancy. The property’s positioning off the newly refinished FM 1626 makes it one of the most accessible in the area. It is a half-mile from the heavily trafficked Menchaca Road, two miles from the key central artery of Interstate 35, and under 10 minutes from the 45 Tollway.
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Additional Information
- Taxes
- $15,799
- Tax Year
- 2022
- Year Built
- 1996
- Exterior Features
- Storage
- Construction
- Glass, Metal Siding, Concrete, Spray Foam Insulation, See Remarks
- Region
- Austin - South, Austin - Southwest
- Sewer
- Public Sewer
- Street Name
- Fm 1626
- Street Number
- 730
- Neighborhood
- Walker Wilson League
- Acres
- 3.36
- County
- Travis
- Floor
- Concrete
- Heating
- Central, Exhaust Fan, Electric
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Listing courtesy of New Home Realty. Contact: (512) 423-5372
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