1011 Meredith Dr, Austin, TX 78748

A rare opportunity to acquire a two-building professional office property in the rapidly group South Austin submarket, near FM 1626 and Menchaca Rd. This is an excellent owner-user opportunity to occupy all or part of one of property, while still receiving rental income on the remaining rentable square footage. The property currently has gross rental income of approximately $145,524 annually at 59% occupancy and all current leases expire within 10 months at 1011 Meredith Dr, giving a buyer the flexibility to occupy the entire building if desired. In the event an owner-occupant only needs to occupy part of the building, they would have flexibility on the desired footprint and can keep rental income in place.

The property was renovated in 2025 to include upgraded HVAC systems, 2nd floor common area remodel to 1011 Meredith Dr, new warrantied roof, paint, septic systems and more.

This building features a private parking lot, including covered spaces, along with other exclusive parking areas in front of each building. This property is currently being used as office but does not have restrictions to other uses such as retail, medical or a special use. Building signage is permitted and would be visible from Menchaca Rd.

Here is a breakdown of each building on the property:

1011 MEREDITH DRIVE: A 7,517 SF two-story building with covered parking and direct ground floor access. The second floor is partially leased, while the ground floor is vacant (ideal for an owner-user or lease-up strategy). Leases in this building have been kept intentionally shorter term in the event a buyer would like to occupy the entire building.

1009 MEREDITH DRIVE: A 1,383 SF freestanding building, currently leased to Edward Jones.