Unique investment or redevelopment opportunity located at one of Georgetown’s busiest intersections. Featuring a 9,600 SQ FT retail strip center with an adjacent unimproved lot totaling 1.34 acres for additional expansion. Constructed in 1982 with concrete tiltwall, metal, and glass. This retail property is fully leased with below market rents making in a great value-add opportunity in a fast growing market.
ZONING: C-3 General Commercial & RS Residential Single Family
UTIITIES: City of Georgetown water, electricity, and wastewater
TRAFFIC COUNTS: Austin Ave. & Williams Dr.: 22,178 VPD (TXDoT 2017)
IH-35 & Williams Dr.: 110,775 VPD (TXDoT 2017)
2018 NOI: $118,638
CAP RATE: 5%
PRICE: $2,400,000
Location
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What's Nearby?
Restaurants
- Blue Corn Harvest Bar & Grill (0.78 mi)
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Coffee Shops
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- Red Poppy Coffee Co. (0.86 mi)
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Grocery
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- H E B (1.22 mi)
34 reviews
Education
- Community Montessori School (2.23 mi)11 reviews
- Southwestern University (1.18 mi)3 reviews
- TSPA Georgetown (1.12 mi)20 reviews