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Vacant Retail Cbd Building | Austin, Tx | 6Th & Neches For Sale VACANT RETAIL CBD BUILDING | AUSTIN, TX | 6TH & NECHES 2 Table of Contents 3 Investment Highlights 4 Property Profile 5 Site Survey 6 Interior Photos 9 Location Overview 11 Austin Quick Facts 12 Contact Information 2 E 6TH STREET + NECHES STREET 510 NECHES STREET Investment Highlights User-Buyer Opportunity Historic Designation Iconic “6th Street” Location Fully-Operational Restaurant Space Walkable Retail Space 512 NECHES STREET Tourist Destination 3 E 6TH STREET + NECHES STREET Property Profile ­ ­ ­ ­ Property Summary UNIT TENANT NRA % OF PROPERTY LOCATION: 423 E. 6th Street & 510-512 Neches Street 423 E. 6th Street Retail 1,334 SF 31% Austin, Texas 78701 Loft / Storage 663 SF 15% GROSS LEASABLE AREA: 4,399 SF (3 Units) 512 Neches Street Retail 559 SF 13% RESTAURANT CAPACITY: 47 Seats 510 Neches Street Restaurant 1,793 SF 41% OCCUPANCY: Vacant ­ TOTAL: 4,399 SF 100% DEDICATED PARKING: None TRAFFIC COUNTS (VPD): E. 6th Street: 11,656 VPD 4 E 6TH STREET + NECHES STREET Site Survey ­ ­ ­ ­ ­ 5 E 6TH STREET + NECHES STREET Chez Nous 6 E 6TH STREET + NECHES STREET The Smoking Catepillar 7 E 6TH STREET + NECHES STREET Aaron’s Rock & Roll 8 E 6TH STREET + NECHES STREET Shoal Cree San acinto Boulevard Cle Littlefiel Drive est Martin Luther Kin r Boulevard Manor Roa est Lnn Street Enfiel Roa Trinit Street est 12th Street Para Map East Martin Luther Kin r ComalBoulevard Street Location Shoal Cree Boulevard Conress Avenue est 12th Street est 11th Street E 6thSan acinto BoulevardStreet + Neches Street East 12th Street Navasota Street East 12th Street est 6th Street East 11th Street est 5th Street Atin North Interstate Hiha 35 Service Roa est 8th Street est 7th Street East 8th Street Re River Street East 11th Street Heron Cree East 7th Street Rosewoo Avenue Anelina Street Barton Cree Colorao River East 6th Street East 5th Street 9 Colorao Street est Riversie Drive La Bir Lae East 6th Street Waller Street Trinit Street East Riversie Drive est Boulin Cree Interstate Hiha 35 Service Roa North East 2n Street Dason Roa E 6TH STREET + NECHES STREET 6th Street Entertainment District Location Highlights Sixth Street is one of the most iconic streets in Austin. It’s the epicenter of what made Austin the “Live Music Capital of the World.” Sixth Street is a historic street and entertainment district in Austin, Texas, located within the city’s urban core in downtown Austin. Sixth Street was formerly named Pecan Street under Austin’s older naming convention, which had east–west streets named after trees and north–south streets named after Texas rivers (the latter convention remains in place). The nine-block area of East Sixth Street roughly between Lavaca Street to the west and Interstate 35 to the east is recognized as the Sixth Street Historic District and was listed in the National Register of Historic Places on December 30, 1975.Developed as one of Austin’s trade and commercial districts in the late 1800s, the predominant building style are two- or three-story masonry Victorian commercial architecture. Most structures in the area had already been built by the 1880s, though a few notable exceptions include the Driskill Hotel (1886), the Scarbrough Building (1910), and the Littlefield Building. The area around nearby 4th Street and 6th Street has been a major entertainment district since the 1970s. Many bars, clubs, music venues, and shopping destinations are located on East 6th Street between Congress Avenue and Interstate 35, and many offer live music at one time or another during the week. Traffic is generally blocked on East 6th Street and most crossroads from I-35 to Brazos Street on weekend evenings, and football home games (depending on pedestrian traffic), as well as holidays and special events, to allow the crowds to walk unfettered to the many venues that line the street. East Sixth Street (known locally as Dirty Sixth) plays host to a wide variety of events each year, ranging from music and film festivals (such as South by Southwest) to biker rallies (such as The Republic of Texas Biker Rally) and the Pecan Street Festival. Pecan Street Festival DEMOGRAPHICS 1 Mile 3 Mile 5 Mile 6th Street Live Music 2000 Census 16,368 132,931 284,694 2010 Census 14,991 132,802 297,154 2019 Estimate 16,691 149,288 341,358 2024 Projection 17,824 158,924 365,774 Projected Population Growth (2019 to 2024) 1.32% 1.26% 1.39% Daytime Population 11,534 109,931 254,398 Bachelors Degree or Higher 32% 28% 32% Average Hosehold Income $94,260 $90,509 $95,512 Median Home Value: $352,797 $358,932 $366,485 Average Age 37 33 32 10 E 6TH STREET + NECHES STREET Austin Quick Facts Business You will find a business-friendly environment with low taxes and numerous incentives that encourage continued Climate growth and investment in Austin. Austin’s labor pool is among the most vibrant, innovative Cost Of Living Index Cost of Living Index, 2019 (U.S.=100) Talent and educated in the world. Population Labor Force & Growth The Austin regional labor force is 1 million Population 152 residents Projected of the Austin added daily regional Region population by Highest median 2.15 Million 2040 is 3.9 Million household income among Texas metro areas Demographics Austin is the 43% of adults have at least a 66.3% population is bachelor’s degree compared to under 45 (nationally, 58.7% 11th 3.5% 31% nationally is under 45) largest city in the country YOY job growth 11 E 6TH STREET + NECHES STREET Contact Information BROKERAGE TEAM Graham Schmergel Vice President +1 512 861 3423 [email protected] 1703 W 5th Street, Suite 850 | Austin, Texas 78703 us.jll.com/retail Copyright © Jones Lang LaSalle IP, Inc. 2019 This publication is the sole property of Jones Lang LaSalle and must not be copied, reproduced or transmitted in any form or by any means, either in whole or in part, without the prior written consent of Jones Lang LaSalle.The information contained in this publication has been obtained from sources generally regarded to be reliable. However, no representation is made, or warranty given, in respect of the accuracy of this information. We would like to be informed of any inaccuracies so that we may correct them. Jones Lang LaSalle does not accept any liability in negligence or otherwise for any loss or damage suffered by any party resulting from reliance on this publication. Jones Lang LaSalle Americas, Inc., California license # 01223413. Jones Lang LaSalle Americas, Inc. License # 19262. Any opinion or estimate of value of any asset in this presentation is based upon the high-level preliminary review by JLL. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. JLL expressly disclaims any liability for any reliance on any opinion or estimate of value in this presentation by any party. 12 E 6TH STREET + NECHES STREET.
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