Investment Overview
Sayers Real Estate Advisors is pleased to present the opportunity to acquire 11689 Research Blvd, an approximately 1.18-acre redevelopment opportunity located in a well-established Northwest Austin commercial corridor. The property is improved with approximately 10,500 SF of existing retail space and offers an attractive opportunity to pursue either a complete redevelopment of the site or a value-add strategy. The combination of a well-located commercial site, existing retail improvements, and future redevelopment potential provides an investor with multiple avenues to create value.
Investment Highlights
- ±1.18-Acre Redevelopment Site: Well-positioned commercial site offering meaningful scale for commercial redevelopment.
- ±10,500 SF Existing Retail Improvements: Existing improvements provide an opportunity for near-term value creation through renovation, leasing, and tenant repositioning.
- Prominent Research Blvd (HWY 183) Location: High-visibility frontage along a major Northwest Austin commercial corridor with strong accessibility.
- Multiple Value-Creation Strategies: Flexibility to pursue a complete redevelopment, reposition the existing center, or implement a phased investment strategy.
- Strong Northwest Austin Trade Area: Located within an established, high-income residential and commercial market with a deep customer base.
- Additional Assemblage Potential: Opportunity to explore adjacent property assemblage, potentially increasing site size and enhancing long-term redevelopment potential.