2708 E Cesar Chavez Street
- $3,481,000 REDUCED
- 0.39 Acres Commercial Sale Austin, TX 78702
This East Austin Michelin-recommended restaurant (name withheld for tenant privacy) is within Austin's pre-eminent hospitality group with accolades almost too numerous to mention. - 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. - 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. - 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. - 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%. - 5 years remaining on the initial lease term at a strong average cap rate of 5.97%, look forward to a 6.63% average cap rate during the first 7-year renewal period, and an even stronger 7.48% average cap rate in the second 7-year renewal term, subject to tenant renewal. - Offering Memorandum upon request
Essential Information
- MLS® #6694677
- Price$3,481,000
- Bathrooms0.00
- Acres0.39
- Year Built2017
- TypeCommercial Sale
- Sub-TypeRetail
- StatusActive
Community Information
- Address2708 E Cesar Chavez Street
- SubdivisionDivision O
- CityAustin
- CountyTravis
- StateTX
- Zip Code78702
Amenities
- ViewNone
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, High Speed Internet Available, Phone Available, Sewer Connected, Water Connected
Parking
Additional Parking, Alley Access, Assigned, Asphalt, Driveway, Off Street, Oversized, Paved, Parking Lot, Deeded
Interior
- InteriorConcrete
Heating
Central, Forced Air, Natural Gas
Cooling
Central Air, Electric, Multi Units
Exterior
- Exterior FeaturesSprinkler/Irrigation
- Lot DescriptionLevel
- FoundationSlab
Construction
Attic/Crawl Hatchway(s) Insulated, Cement Siding, HardiPlank Type, Masonry, Spray Foam Insulation, Wood Siding, Aluminum Siding
Additional Information
- ZoningCS-CO-MU-NP
Map & Directions
View in Google MapsPrice Change History for 2708 E Cesar Chavez Street, Austin, TX (MLS® #6694677)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $3,481,000 | $18,990 (0.54%) | |
| Price Reduced (from $3,720,000) | $3,499,990 | $220,010 (5.91%) |
Property Listed by: Compass Re Texas, Llc
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from July 8th, 2025 at 5:31am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
All information provided is deemed reliable but is not guaranteed and should be independently verified.