Property Highlights

• Replaceable Market Rent – The site currently pays $27.94/SF for a 1,890 SF building. With two years remaining on the lease, an owner, developer, or owner-user can continue to generate cash flow while deferring all triple net expenses. This allows time to plan a redevelopment strategy and benefit from potential rent upside upon execution.
• Situated On Corner With Strong Traffic Count – Situated on a 0.36 AC lot at the corner of N Lamar Blvd and Thurmond St, the property offers excellent visibility to approximately 32,700 vehicles per day.
• Recent Improvement To Parking Lot – A total of $16,700 was reinvested into the parking lot in 2019.
• Recent Improvement to Building – A total of $50,000 was reinvested into the building in 2019.

Area Highlights

• Dense Population – Located in core Austin, TX, there is a population size of 339,500 in a 5-mile radius.
• New Neighborhood Development Plan – The City of Austin’s proposed amendment to the Future Land Use Map (FLUM) under the Equitable Transit-Oriented Development (ETOD) program positions 8500 North Lamar for significant growth. By removing restrictive land use designations, the property gains increased development potential for higher-density, mixed-use projects near mass transit options. This strategic shift enhances the property’s value and attractiveness to anyone seeking opportunities in sustainable urban development.
• Flexible Redevelopment Use – Zoning codes of (GR) and (CS) allow for flexible redevelopment, “Community commercial (GR) district is the designation for an office or other commercial use that serves neighborhood and community needs and that generally is accessible from major traffic ways. General commercial services (CS) district is the designation for a commercial or industrial use of a service nature that has operating characteristics or traffic service requirements that are incompatible with residential environments.” (Please Contact Agent for Permitted Uses).
• Close Proximity To HEB Grocery Store, Chinatown Center, and I-35 Hwy – The site is just north of Highway 183, which sees more than 144,000 vehicles daily, only a 4-minute drive south of a high-performing H-E-B grocery store that attracts over 90,000 monthly visitors and 6 minute drive from Chinatown Center, a major anchor: it has MT Supermarket, along with many Asian restaurants, shops, and small independent stores.
• Proximity to The Domain – The Domain in Austin is a major mixed-use development often called the city’s “second downtown,” featuring high-density residential, office, retail, and entertainment spaces. Located in the North Burnet–Gateway area, it’s a key growth hub with city plans supporting up to 40,000 residential units and millions of square feet of commercial space. The area has seen significant growth — over 7.5% population increase from 2020 to 2025 — and accounts for a large share of new development in North Austin.