456 West 55 Street — Sale in Austin, TX

  • Price: $5.6M
  • Listing type: For sale
  • Asset type: Business
  • Location: Austin, TX 78751
  • Size: 10,030 SF
  • Year built: 1910

Investment Figures

Price per square foot
$559

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

JLL has been retained on an exclusive basis to arrange for the sale of 456 West 55th Street, a rare 75’ wide, three-story warehouse building located on the south side of West 55th Street between 9th and 10th Avenues with 12’ 9” ceilings throughout and exceptionally heavy floor loads (120 lbs. PSF) on all floors. 456 West 55th Street provides an exceptional opportunity for a wide array of potential purchasers/owner-occupants. 456 West 55th Street contains approximately 21,600 gross SF above grade with roughly 10,030 SF of additional air rights. It lies within a C6-2 zoning district allowing for residential, commercial, and/or community facility uses. The as-of-right FAR for the property is limited to 4.2 given its location within the Special Clinton District which equates to a total of approximately 31,630 BSF. Built approximately 96’ deep on the lot, all 3 floors span ~7,200 square feet and are connected by a pair of internal staircases along with a manually operated freight elevator. The property possesses a curb cut and loading dock with direct access to the elevator. Purchasers should be able to restore/add windows to the front / rear facades and could potentially utilize a portion of the remaining air-rights to add a vertical addition atop the existing structure. Located in the northern part of Hell’s Kitchen, the property is within walking distance to major attractions such as Central Park, Columbus Circle, Lincoln Center, and the Hudson River Greenway. It is conveniently located near Manhattan’s major business districts and is accessible by the A, C, B, D & 1 subway lines. With major developments such as Hudson Yards and Manhattan West adding tremendous future value to westside neighborhoods, 456 West 55th Street is a unique opportunity with tremendous potential within one of the West Side’s rapidly expanding enclaves.

Market Context

This commercial property in Austin, TX is listed for sale at $5,603,000 across 10,030 SF. The building dates to 1910. It has been on the market for 82 days. Compare it against other commercial property listings for sale in Austin, TX — view the full market.

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