1610-1612 South Congress Avenue

Location: 1610-1612 S. Congress Avenue is prominently located in the heart of the South Congress Business District, at the northwest corner of South Congress and W. Milton Street. The Property is best known as the home of Vespaio (Italian) Restaurant & Chapulin Cantina. Building: 1935 vintage, one story, free standing, masonry, single Tenant occupied, restaurant (“Building”), containing a rentable area of 5,280+/square feet of floor space. The Building is divided into two (2) retail store fronts (1610 S. Congress – Vespaio Restaurant) and (1612 S. Congress - Chapulin Cantina). Land: The (“Land”) area totals 13,813+/- square feet of surface area or .3171+/- acre (see Survey). The Land has  98.3 feet of frontage along Congress Avenue and an over-all depth of 140 feet along W. Milton Street. The Land slopes gradually from East to West and also from South to North, providing adequate drainage. The  Land area, not covered by Building is paved. An alley at the rear of the Property connects W. Milton Street with W. Monroe Street and provides additional access to the Property. The Property’s legal description is LOT 5&6, BLOCK 22, SWISHER ADDITION, AUSTIN, TRAVIS COUNTY, TX. Zoning/ Flood Plain: Commercial Services (CS-V-CONP), allows for a building height of sixty (60’) feet. Flood Zone X indicates the Property is located outside the 500-year flood zone). Demographics: The Property ID is 04000013180000 or 302172.  For 78704 Zip Code the average annual Income is $141,341.00, median age is 37, and white collar jobs comprise 87%. The Congress Avenue Traffic Count totals 11,090 per day. Parking: 20+/- On Site, plus additional Store Front parking on Congress Avenue. Lease Status: The Lease Term for both restaurants expires April 30, 2025; but the Lease grants Tenant an option to extend the term to March 31, 2035.