Active
2708 E Cesar Chavez ST
Austin TX, 78702
$3,720,000
$1,049.96 per sqft
Active
3,543 sqft
Commercial
Built in 2017
The restaurant name was withheld for tenant privacy, but this East Austin Michelin-recommended restaurant is within Austin's pre-eminent hospitality group with accolades almost too numerous to mention.
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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 5.61%, look forward to a 6.23% average cap rate during the first 7-year renewal period, and an even stronger 7.04% cap rate in the second 7-year renewal term, subject to tenant renewal.
6694677
MLSⓇ ID
December 9, 2024
Listed
December 26, 2024
Updated
Map
2708 E Cesar Chavez ST
Austin TX, 78702
Interior Features
Total Stories
1
Floor Description
Concrete
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Electric, Multi Units
Heating
Yes
Heating Description
Central, Forced Air, Natural Gas
Exterior/Building Features
Lot Size
0.39 Acres
Sewer
Public Sewer
Other Property Details
Area Name
5
Taxes
$43,549
Tax Frequency
Annually
Garage
No
Parking
Additional Parking, Alley Access, Asphalt, Assigned, Deeded, Driveway, Off Street, Oversized, Parking Lot, Paved
View
No
View Description
None
County
Travis
Water Source
Public
Pool
No
Courtesy of Compass RE Texas, LLC
Listing Contact: 737-843-4300
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Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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Database last updated 5:24 PM UTC, 12/26/2024