USATXAustinLamar at 19Th1901 N Lamar Blvd

1901 N Lamar Blvd, Home with 0 bedrooms, 0 bathrooms and null parking in Austin TX | Image 1

$12,700,000

1901 N Lamar Blvd, Austin, TX

Name: 1901 N Lamar Blvd, For Sale in Austin - eXp Commercial Brokerage
Brand: Rundog Real Estate Group
SKU: 4491057
Price: 12700000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Office

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes $88,005

Days Active 0

Approx. Age 1956

MLS® Number 4491057

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

This landmark Austin commercial property, known as the "Power Corner" at 1901 N. Lamar Blvd, is situated at the highly visible intersection of North Lamar and MLK Jr. Blvd. The property's prime location offers investors an exceptional opportunity for investment and development, benefiting from immense traffic counts of nearly 55, 000 vehicles per day and significant foot traffic. The property also boasts unobstructed views of the Austin skyline and is strategically positioned at the crossroads of Downtown, Clarksville, the West Campus, and the Medical District. The freestanding building, with over 7, 500 sq. Ft. Of usable space on a approximately 0.5-acre lot, has undergone a multimillion-dollar renovation, giving it a modern, industrial chic aesthetic suitable for nearly any use. Notable features include a new 2024 solar power system, making it eligible for LEED certification, a state-of-the-art surveillance system, and 24 dedicated parking spaces, including 21 covered spots, a rare amenity in Central Austin. The current owner is offering a sale-leaseback, presenting a unique advantage for investors by guaranteeing immediate and stable income from a long-term tenant. Beyond the immediate cash flow, the property offers significant future development potential. Prior zoning evaluations from 2021 indicated a potential height of 60+ feet, and the City of Austin has previously approved renderings for a 30, 000 sq. Ft. Commercial project on the site. With its strategic location and versatile use cases—including a boutique hotel, mixed-use, student housing, medical facilities, or corporate headquarters—this property represents a powerful and strategic investment in Austin's urban core. The owner is motivated and open to considering options, with upgrades, renderings, and negotiable terms available upon request. Owner is ready to make a deal. All offers will be reviewed.Show Description

MLS® Number4491057

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1956

Stories

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatActive Solar, Central, Electric, Propane, Zoned

A/C

Heating Fuel

Extras

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