Austin, Texas, January 13, 2026
The 12-story office building located at 211 East Seventh Street in Austin, Texas, is now for sale, presenting a prime investment opportunity with various redevelopment options. Currently 61% leased, the property offers potential for conversion into residential or hotel spaces. As Austin’s commercial real estate market navigates challenges, this listing represents a strategic opportunity for investors looking to capitalize on the city’s growth and transformation.
Austin, Texas
Historic Downtown Office Building 211 Seventh Hits Market with Redevelopment Potential
A Prime Investment Opportunity in the Heart of Austin
In a move that could reshape a key area of Austin’s urban landscape, the 12-story office building at 211 East Seventh Street is now for sale, presenting a unique case for potential investors. Constructed in the 1970s, this property spans approximately 162,000 square feet on 0.7 acres and sits strategically across from two renowned hotels, the Driskill and Omni Austin Hotel Downtown. As Austin continues to evolve as a hub for business and innovation, this listing arrives at a crucial moment where local entrepreneurs are demonstrating remarkable resilience amidst market fluctuations.
The building is currently 61% leased, with tenants occupying about 62,000 square feet. Many of these leases are short-term, allowing flexibility for new ownership to capitalize on the redevelopment potential. While the asking price remains undisclosed, the possibilities for transforming this space could align well with the ongoing urban development in the area.
Exploring Redevelopment Options
As the Austin economy adapts to changing market conditions, the property at 211 Seventh presents several redevelopment avenues. These options include:
- Maintain as an office building
- Convert to residential units
- Transform into a hotel
The building’s floor plates, approximately 16,700 square feet each, combined with a high window-to-floor ratio, enhance its viability for conversion into residential or hospitality spaces. Such transformations could not only revitalize the building but also contribute to meeting the growing demand for housing and accommodations in downtown Austin.
Market Environment and Future Potential
Austin’s office market is currently navigating significant challenges, evidenced by a 25.8% vacancy rate reported in the third quarter. Despite these hurdles, many investors view the current environment as an opportunity to strategically position themselves ahead of an anticipated market recovery in the coming years. The potential for redevelopment at 211 Seventh coincides with the city’s forward-looking vision, which supports private investments and reduced regulatory barriers to foster economic growth.
The growing need for adaptable spaces in urban settings makes 211 Seventh an attractive prospect, reflecting a broader trend among Texas entrepreneurs and investors recognizing the importance of innovation in real estate to better serve community needs.
A Call to Action for Investors
The sale of 211 Seventh not only represents a potential shift in downtown Austin’s skyline but also reflects the resilience and creativity inherent in the local business community. For prospective investors, this property is more than just a building; it embodies the spirit of Austin—where opportunities for growth and transformation abound. Engaging with this venture can lead to significant contributions to the city’s economic fabric while aligning with the desires of residents for enhanced urban living experiences.
Conclusion
Overall, the opportunity to acquire 211 Seventh is a compelling proposition for those looking to invest in a prime downtown location with substantial redevelopment potential. As Austin continues to evolve, the impact of such investments will resonate far beyond the immediate area, fostering job creation and community development.
FAQ
- What is 211 Seventh?
- 211 Seventh is a 12-story office building in downtown Austin, constructed in the 1970s, encompassing approximately 162,000 square feet on 0.7 acres at 211 East Seventh Street.
- What redevelopment options are available for 211 Seventh?
- The property offers several redevelopment options, including maintaining it as an office building, converting it to residential units, or transforming it into a hotel.
- What is the current occupancy rate of 211 Seventh?
- The building is currently 61% leased, with tenants occupying about 62,000 square feet, many of whom are on short-term leases.
- What is the asking price for 211 Seventh?
- The asking price for the property has not been disclosed.
- What is the current office vacancy rate in Austin?
- Austin’s office market has experienced a vacancy rate of 25.8% in the third quarter, indicating a challenging environment for office spaces.
| Feature | Details |
|---|---|
| Property Name | 211 Seventh |
| Location | 211 East Seventh Street, Austin, Texas |
| Building Size | 12 stories, approximately 162,000 square feet |
| Lot Size | 0.7 acres |
| Current Occupancy | 61% leased, with tenants occupying about 62,000 square feet |
| Redevelopment Options | Maintain as office, convert to residential units, or transform into a hotel |
| Asking Price | Not disclosed |
| Current Office Vacancy Rate in Austin | 25.8% in the third quarter |
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Author: STAFF HERE AUSTIN WRITER
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