About 18601 F M Road 1431
100% leased. Estimated Cap Rate 2023 3.71%, 2023 5.05%. The Jonestown Center, is a 5-unit retail strip center with 300 feet on heavily trafficked FM 1431. The property was built in 2006, is architecturally pleasing, with elegant faux stone exterior and corners, covered veranda sidewalk patio, and environmental sensitive turf stone pavers. With increase construction costs, low inventories, increased economic development, the Austin market continues to see intense competition for good quality assets from all types of investors. It is hard to find a multi-unit centers in this price range. The Jonestown Center is in rapidly growing Jonestown, minutes to Lago Vista and Cedar Park. The Jonestown Center is located near Northwest Austin’s high tech employment center, within the acclaimed Leander School District, close to shopping and recreation. Great investment.
Features of 18601 F M Road 1431
| MLS® # | 3191736 |
|---|---|
| Price | $2,050,000 |
| Bathrooms | 0.00 |
| Acres | 0.92 |
| Year Built | 2006 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 18601 F M Road 1431 |
|---|---|
| Area | LN |
| Subdivision | Jonestown Hills Unit 04 Amd |
| City | Jonestown |
| County | Travis |
| State | TX |
| Zip Code | 78645 |
Amenities
| Utilities | Cable Available, Electricity Available, High Speed Internet Available |
|---|---|
| Parking | Common, Lighted, On Site |
| View | Hills |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Concrete, Laminate |
|---|---|
| Heating | Central |
| Fireplace | No |
Exterior
| Construction | Concrete, See Remarks, Stone Veneer |
|---|---|
| Foundation | Slab |
Additional Information
| Date Listed | October 17th, 2021 |
|---|---|
| Days on Market | 704 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Austin Here I Come |
|---|