Bankruptcy Auction: Retail/ Bar/ Club/ Restaurant in Austin, TX

Bid Deadline: June 27 at 4pm CT
Auction: July 1 at 10:00am CT
Subject to Bankruptcy Court Approval

Stalking Horse Offers Being Considered Now!

As this is a bankruptcy proceeding, brokers should be paid by their buyer

Keen-Summit Capital Partners LLC has been retained on behalf of Mark Shapiro, Chapter 11 Trustee for WC 6th and Rio Grande, LP (Case: 23-11040), to serve as the marketing agent and real estate broker for the sale of 601 Rio Grande Street, Austin, TX:

Invest in Austin: One of the Fastest Growing Cities in the United States

Property Highlights:

  • Renovated in 2019:
    • First Floor: Currently occupied by
      • POP: Bar
      • Play on West 6th: Sports Bar
    • Second Floor: Vacant
  • Gross Building Area: 30,369 SF
  • Development Opportunity

Investment Highlights:

  • Fast growing population, rising household income and robust consumption lead to continued high demand for retail space in Austin
  • Rising retail sales leading to rents rising at a rate of 4.8% compared to national average of 3.2%

Link to Flyer

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