RETAIL
PAD SITE FOR SALE
NORTHWEST CORNER MANCHACA AND MONARCH
AUSTIN,
TEXAS 78748
View
of Subject Property Looking West
Across Manchaca Road
(Click
Here to See Aerial Photo)
| Type of Property: | Vacant corner pad site |
| Location: | Northwest corner of Manchaca Road and Monarch Drive just north of the intersection with Slaughter Lane. |
| Street Address: | 9600-9610 Manchaca Road |
| City/County/Zip Code: | Austin/Travis/78748 |
| Mapsco Page & Grid | 673-J |
| TCAD Parcel Number: | 04-2821-04-01 |
| Legal Description: | Lot 13, Block C, Castlewood Forest, Section 5, Austin, Travis County, Texas |
| Gross Land Area: | Approximately 39,860 square feet or 0.915 acres according to survey dated March 15, 2002. |
| Zoning: | LR-CO Neighborhood Commercial with Conditional Overlay (City of Austin); this zoning classification allows most office and retail uses. A city planner in the Development Assistance Center stated that a 5,300 square foot bank branch building with four drive-through lanes could be built on the site. Alternately, a retail building with +/- 5,000 square feet could be built on the site. |
|
Shape/Topo: |
Rectangular; Level |
| Frontage: | +/- 141' on Manchaca Rd and +/- 282' on Monarch Drive |
| Utilities: | All available; water, wastewater and electricity are provided by the City of Austin. |
| Flood Plain: | The subject site is not located within a flood hazard area according to Flood Insurance Rate Map Panel No. 260 of 410 as indicated in FEMA Map Number 484253C0260 E with effective date of June 16, 1993. |
| Watershed: | The subject property is located within the Uplands Zone of the Slaughter Creek Watershed which allows a maximum impervious cover of 80 percent according to officials at the City of Austin Development Assistance Center. |
| Traffic Counts: | According to TxDOT traffic studies, traffic volumes nearly doubled from 1997 to 2001 on Manchaca Road north of Slaughter Lane. The TxDOT 2001 traffic study shows +/- 26,000 vehicles per day at the subject's location on Manchaca Road and +/- 4,500 vehicles per day on Monarch Drive. These figures are estimated to have increased by 5% annually since 2001. Combined traffic count estimates at the subject's location (Manchaca/Monarch) exceed 34,000 vehicles per day. |
| Surrounding Properties: | North: Apartment complex |
| South: Monarch Drive then convenience store on the southwest corner of Monarch Drive and Manchaca Road; to the west of the convenience store on the same south line of Monarch Drive is an office building. | |
| West and Northwest: Dense residential development | |
| East: Manchaca Road and
then dense commercial development including two auto parts stores and a
newly built, 9-bay car wash facility. Southeast: Taco Cabana, Hollywood Video, Walgreen's |
|
| Environmental Concerns: | There are no known or apparent environmental hazards impacting the subject site. However, a Phase I Environmental Site Assessment is recommended as part of due diligence. Click here for description of the Environmental Site Assessment process. |
| Demographic
& Household Information: (Census 2000 Data: 1, 3, 5 Mile Radii) |
Click
here for Summary Demographic Report Click here for Summary Households Report Click here for Detailed Year 2002 Demographic Data |
| Data for Subject Census Tract No. 17.47 | Click here for Summary Subject Census Tract Data |
Manchaca Road is a major north-south, two-way, five-lane roadway with center lane and no median divider at the subject’s location. Manchaca Road between Mathews Lane and Slaughter Lane is unusually wide for a roadway with only five lanes. Dittmar Road is located approximately one mile north of the subject and it is a heavily traveled east-west artery connecting Manchaca Road with South Congress Avenue to the east. The area's rapid growth over the past five years has increased traffic volumes tremendously such that the City of Austin is currently widening Dittmar from a two-lane roadway to a five-lane roadway. When the expansion is completed, it will have three westbound lanes and two eastbound lanes from Manchaca Road to South 1st Street or roughly 7,700 feet. The project is scheduled for completion by July 22, 2004. Slaughter Lane is located just south of the subject. It is a major east-west, six-lane, median-divided artery connecting U.S. Highway 290 to the west with IH-35 to the east. It is also the major access roadway for the large mixed-use development known as Circle C. Traffic volumes on the roadways referenced above are projected to increase greatly over the next five years.
Manchaca Road between William Cannon Drive and Slaughter Lane is rapidly being built out. Several new residential subdivisions and apartment complexes have been built in the immediate area. The HEB anchored Tanglewood Shopping Center is located just south of the subject in the northwest quadrant of Slaughter Lane and Manchaca Road. Additional land uses at or near that intersection include McDonald's, Burger King, Sonic Drive-In, Popeye's Chicken, Taco Cabana, newly built self-storage project, Walgreen's, Hollywood Video, Blockbuster Video, AutoZone, O'Reily's Auto Parts, newly built 9-bay car wash facility, Albertson's anchored shopping center, Discount Tire, Jiffy Lube, Bank of America, Washington Mutual, Exxon Tiger Mart, The Money Box, Ace Hardware, Goodyear Tire and Speedy Stop convenience store with gas pumps.
In summary, this is a high-growth area. Daily average traffic at the subject's location exceeds 34,000 vehicles and the traffic count on Slaughter Lane located just south of the subject exceeds 60,000. Studies conducted on Manchaca Road and Slaughter Lane by the Texas Department of Transportation show that traffic counts nearly doubled between 1997 and 2001. Wal-Mart recently announced that it plans to build two new Supercenters on Slaughter Lane. One will be located at the intersection of Slaughter Lane and IH-35 approximately 2 miles east of the subject and the second will be built at the intersection of Slaughter Lane and Mopac (Loop 1) about 3 miles west of the subject.
ASKING PRICE: $390,000 or $9.78/sf
For
more information, contact:
John W. Blunt, Jr.
Blunt Properties
1200 West Slaughter Lane
Suite A
Austin, Texas 78748
Tel: 512-292-3377
Fax: 512-292-9338
Cell:
512-619-5936
Email: jwblunt@bluntproperties.com
URL: http://www.bluntproperties.com
It is noted that Mr. Blunt is a licensed real estate broker in the State of Texas.
Disclaimer: All
information presented herein is from sources deemed reliable; however, it is
subject to change, modification, error, omission or withdrawal from the
market.
