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Jones Lang LaSalle (JLL) is pleased to offer the exclusive opportunity to purchase 500 & 502 Oakland Avenue, a 0.30-acre site located in Austin, Texas. Situated at the corner of West 5th Street and Oakland Avenue on the western side of Downtown, the property is proximate to some of Austin’s main demand drivers including the Central Business District, the University of Texas, the Innovation District and the State Capitol, among others. In addition, the site offers seamless accessibility to MoPac Expressway (Loop 1) and some of Austin’s most affluent neighborhoods including Tarrytown, Clarksville, Rollingwood, and Westlake Hills.
With short-term tenancy able to cover operating expenses, the site offers optionality for a covered land play or a potential mixed-use office and retail redevelopment opportunity. Ideally situated in the center of one of the nation’s fastest growing economies, the property provides an unbeatable infill opportunity that allows for a flexible development timeline.
- Unique redevelopment or owner-occupant opportunity
- Strong surrounding demand drivers
- Transportation thoroughfare
- Nation leading economy
- Strong demographics