2708 Cesar Chavez
Austin, TX 78702
$3,481,000
- 0.39 acres
- Built 2017
Listed by Compass RE Texas, LLC · MLS #ACT6694677
A FEW THINGS TO NOTICE
What stands out.
Year built
Built in 2017.
Property size
0.39 acres listed.
Highlights from the listing description and property details. Confirm features with the listing agent.
THE PROPERTY
Get to know the property.
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The group has an unprecedented 6 Michelin Awards, including a Michelin Star awarded in 2024, Bon Appetit - Hot Ten Best New Restaurants, Robb Report - 10 Best New Restaurants In America, Esquire Magazine's 40 Best New Restaurants In America, Austin American Statesman Best Austin Restaurants 2018, Michelin Bib Gourmand Award For Sustainability, and more.
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This award-winning East Austin restaurant is one of the Hospitality Group's 12 fine dining establishments. In particular, since opening in early 2023, it's earned a 2024 Michelin Guide Recommendation, Texas Monthly Best New Restaurants, New York Times' Best Restaurants In Austin Right Now, and Texas Monthly - Best Places To Drink Wine In Austin.
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Located in the Holly Street District, according to Time Out Magazine 2019, it's “one of the top 25 coolest neighborhoods in the world”. After a boom in food options and culinary creativity over the last decade, the area is known for an eclectic mix of local and international flavors and a diverse blend of casual eateries, trendy spots, cocktail bars, breweries, and hidden gems.
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Texas' business-friendly environment, lack of state corporate or income taxes, higher quality of life, and deep talent pool appeal to businesses considering moving to Austin. Job growth and company relocations continue to drive population growth ahead of any other major market in the country. Since 2010, Austin's population has outperformed the second-fastest-growing market, Raleigh, by more than 7.5%.
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5 years remaining on the initial lease term at a strong average cap rate of 5.97%, look forward to a 6.63% average cap rate during the first 7-year renewal period, and an even stronger 7.48% average cap rate in the second 7-year renewal term, subject to tenant renewal.
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Offering Memorandum upon request
THE NEIGHBORHOOD
Explore the location.
2708 Cesar Chavez, Austin, TX 78702
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THE DETAILS
The details, all in one place.
- Property type
- Commercial Sale
- Category
- Commercial
- Year built
- 2017
- Cooling
- Central Air, Electric, Multi Units
- Heating
- Central, Forced Air, Natural Gas
- Flooring
- Concrete
- Accessibility
- Accessible Approach with Ramp, Common Area, Accessible Doors, Accessible Entrance, FullyAccessible, Grip-Accessible Features, Accessible Hallway(s)
- Subdivision
- Division O
- Zoning
- CS-CO-MU-NP
- Parcel
- 02021105240000
- Annual property tax
- $43,549.00
Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.
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2708 Cesar Chavez, Austin, TX 78702 · MLS #ACT6694677
More in Austin.
$1,200,000
$950,000
$1,299,000Listing information
MLS #ACT6694677 · Austin Board of Realtors
Listing brokerage: Compass RE Texas, LLC
Listing agent: Jeffrey Schnabel
Listing status: Active. Record updated . Confirm current availability and price with the listing agent.