MOB Investment or Owner/User Opportunity in Hyde Park
2 Adjacent Properties Located in the Heart of Austin's Medical District
Marketing description
Transwestern is proud to offer a rare opportunity to lease or acquire two adjacent
commercial parcels totaling .553 acres situated at a highly visible corner presence at
408 W 45th Street and 4500 Avenue B in Austin’s historic Hyde Park neighborhood.
The two parcels span over 295 feet of frontage along the bustling W 45th Street corridor in the heart
of the historic Hyde Park district. The offering is positioned along an Equitable Transit Oriented
Development (ETOD) and has been entitled with additional height or density bonuses (DBETOD) as an overlay to the zoning - making this site highly attractive for future redevelopment.
The site currently features an 8,343 SF medical office building at 408 W 45th Street (originally built in
1958 and renovated in 2002) and an 840 SF boutique home-style office at 4500 Avenue B, with multiple access points along W 45th Street as well as Avenue A and Avenue B.
Situated in one of Austin’s most dynamic and affluent neighborhoods, the property offers convenient
access to Mopac and IH-35 and is positioned conveniently in the nucleus of the city’s medical district; surrounded by St. David's Medical Center and Ascension Seton Medical Center Austin. Both properties are available for sale or lease.
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