505 E 7th ST
505 E 7th ST
505 E 7th ST
505 E 7th ST
505 E 7th ST
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505 E 7th ST
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505 E 7th ST
505 E 7th ST
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505 E 7th ST
For Sale

505 E 7th ST

505 E 7th ST, Austin, TX 78701

$2,595,000
Rare Investment Opportunity in the Heart of Austin's CBD. Discover an extraordinary chance to acquire a prime property in the vibrant Central Business District of Austin, TX, at an attractive price point. Spanning 6,361 sq. ft., this property, currently home to the Kingdom Nightclub, offers incredible future potential for investors & developers willing to take a long term view on the property. Key Highlights: Below-Market Lease: Secured during the pandemic, the current lease is only $43,512 base yearly rent NNN, with 4% annual increases until December 31, 2030. Comparable market rents for similar assets are $40-$45 per sq. ft., offering immense upside once the current lease expires. Exceptional Value: Priced at $408/sq. ft., this property is a rare gem in Austin's CBD. At market rents, the asset would deliver a strong 9% cap rate at the current asking price. Future Potential: While the current lease runs for another six years, this property presents incredible long-term opportunities for redevelopment or repositioning. With the ongoing revitalization of historic 6th Street, this area is poised for significant appreciation. Strategic Location: Just one block from 6th Street revitalization project, this property stands at the forefront of Austin's growth & cultural evolution. Why This Property? Unmatched Upside: Acquire today at a steep discount & benefit from future value appreciation as the lease nears its end. Prime Redevelopment Opportunity: Perfect for an end-user or developer looking to capitalize on Austin's explosive growth. Austin CBD Rarity: Properties at this price & location are exceedingly hard to find--seize this opportunity now. Conclusion: While not ideal for immediate owner-occupancy due to the existing lease, this property offers tremendous future cash flow & redevelopment prospects. With 6th Street's revitalization just around the corner, this is your chance to secure a foothold in one of Austin's most dynamic neighborhoods at an unbeatable price.

6,361 Sq.Ft. LIVING AREA

5,889.31 Sq.Ft. lot

Features & Amenities

Interior

  • Flooring Concrete

Area & Lot

  • Status For Sale
  • Living Area6,361 Sq.Ft.
  • Lot Area5,889.31 Sq.Ft.
  • MLS® ID3008768
  • TypeCommercial
  • YEAR BUILT1961
  • View DescriptionNone

Exterior

  • STORIES2
  • water SourcePublic
  • utilitiesElectricity Available, Phone Available, Sewer Available, Water Available
  • parkingNone
  • HEAT TYPECentral
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer
  • SubstructureSlab
  • Disability FeaturesSee Remarks

Financial

  • Sales Price$2,595,000
  • Real Estate Tax $23,445/yr
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Schedule a Showing

I would love to show you our beautiful property. Please select your preferred date and time below. I'll be in touch shortly to confirm your appointment.
Thank you for your interest in 505 E 7th ST, Austin, TX 78701. We are reviewing your request and will be in touch shortly!

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WORK WITH ERIC

Working with Eric Copper means gaining access to an exclusive network and unparalleled expertise in the luxury real estate market, both in Austin and internationally, from London to beyond. Eric’s in-depth knowledge of high-end properties, combined with his global reach, ensures that you’re not just buying or selling a home—you're making a strategic investment with a trusted advisor by your side. Eric offers bespoke service, personalized attention, and a commitment to securing the perfect property. His international connections and market insights allow clients to navigate complex real estate transactions with confidence, knowing they have a true industry leader representing their interests at every step.

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