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$1,500,000

NAL Estimated Property Value

3842 S Congress Ave, Austin, TX, 78704

Off MarketInfo
LeaseInfo
CommercialInfo
Baths0 Bath
Baths2,163 Sq Ft
price_per_sqft$5.32 / sqft
Year BuiltBuilt in 2019

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
FlooringConcrete, Stone

Exterior

Lot Size20,517 sqft

Building Information

Year Built2020
Stories1
Garage Spaces4

Land Information

APN04090502030000
SubdivisionFortview Addn
Land UseCommercial
Legal DescriptionACR .471 OF BLK 7 FORTVIEW ADDN
Census Tract001308
Assessed Land Value$1,500,000
Assessment Year2025

About this property

Rare opportunity to take over a fully built-out, $1M+ restaurant, coffee, and event space on South Congress Avenue, one of Austin’s most recognized and highest-traffic corridors with 18,000+ vehicles passing daily, offering exceptional visibility, accessibility, and branding potential near hotels, retail, nightlife, and dense residential growth. The property features 2,163 SF of interior space designed for efficient operations and guest flow, with seating for approximately 95 guests indoors, along with a highly desirable drive-thru lane equipped with an HME system, two indoor bar areas, a built-in stage for live music and events, and a full commercial kitchen with existing infrastructure. The space includes approximately 15 dedicated parking spaces and over $1M in improvements already completed, allowing for a true turnkey, plug-and-play opportunity that significantly reduces startup time and cost. An outdoor patio with seating for up to 150 guests is not included in the base lease but can be secured for an additional monthly fee, providing flexibility for operators looking to expand capacity and enhance the overall guest experience. The versatile layout supports a wide range of concepts including coffee shop, QSR, wine or cocktail bar, beer garden, bakery, event venue, ghost kitchen, catering hub, or retail and hospitality hybrid, with additional upside through extended hours, event programming, and drive-thru activation. Opportunities with this level of build-out, parking, drive-thru capability, and South Congress frontage are extremely limited, making this a high-demand asset in one of Austin’s most sought-after commercial corridors.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,718/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$37,117
$1,500,000
2025
$1,500,000
N/A
$1,500,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$37,117
$1,500,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,500,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Austin

Local Market Pages
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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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3842 S Congress Ave | Property Details | No Agent List