Property Information:

Located at the northwest corner of Congress and 8th Street, 804 Congress is a 37,100 SF office building that combines the convenience of modern design with classic 19th century architecture. The interior is marked by a superior marble lobby with twin elevators that serves as a showcase entrance for visitors to the building. An 880 SF deck accessible from the fourth floor overlooks Congress and offers 180 views of downtown Austin and the Capitol Building. The exterior of the building is highlighted by historic copper bay windows that have been restored to their original turn-of-the-century design.

With almost 14,000 SF of space available for immediate occupancy, 804 Congress is ideally positioned as a user building for a growing business that desires a high profile, centrally located commercial asset. The vacant space features 13-16’ ceilings, open floor plans, free span floor plates and view of Congress. Approximately 87% of 804 Congress leases are scheduled to expire before year end 2009, giving a new owner the opportunity to absorb the vacant space itself or benefit from rental rates that are projected to steadily increase over the next 2 years.

804 Congress enjoys unique tax benefits that result from its designation as an historic building. At its currently assessed value, 804 Congress receives a 34% tax break from a similarly valued asset, an overall savings of nearly $40,000 per year. Post purchase, the tax breaks will potentially reach $100,000 per year. These savings help keep operating expenses low and can be used to justify higher rental rates for building tenants.