Office Space - For Sale
2508 Williams Drive Georgetown, TX 78628
Details & Description
Call for Pricing
  • Property Type Office for Sale : Professional
  • Lot Size Acres 0.680
  • Building Sq Ft 8,780
  • Land Sq Ft 29,620
Marcus & Millichap is pleased to exclusively offer 2508 Williams Dr. (the "Property") for Sale in the spectacular Georgetown, TX market. The Property is an 8,780 square foot, multi-tenant office building on one of the most vibrant major thoroughfares in Georgetown - Williams Dr. (the Gateway to Georgetown). From an opportunity standpoint, the current owner has leased the Property based on the tenant's useable square footage occupied (total of 5,237 square feet). At 87% occupied, a new owner can enjoy positive cash flow while capitalizing on a lease conversion to a net rentable structure inclusive of a common area add-on factor, thereby bringing the 5,237 useable square footage closer in line to the 8,780 square foot gross building area. This action, together with leasing up the vacant square footage and bringing below market leases up to market presents a new owner with exceptional upside in a market that has an overall occupancy rate of 94%. This opportunity coupled with Seller's offer to provide seller financing make the acquisition of 2508 Williams Dr. the most attractive acquisition opportunity presently on market.The Property offers both investors and Owner/Users the opportunity to acquire a small multi-tenant office in a market that is consistently recognized for its year over year growth nationally. Georgetown leads the nation in population growth for cities with a population of at least 50,000 people, according to data from the U.S. Census Bureau. Georgetown’s growth rate was 10.5 percent from July 1, 2020, through July 1, 2021, resulting in a population estimate of 75,420. At its current average growth rate, the population of Georgetown would exceed 110,000 people by 2030.
Property Highlights
 Property is on One of the Most Vibrant Major Thoroughfares in Georgetown Less Than a Mile from I-35
 Stabilized - Value Add Opportunity with Unparalleled Upside
Additional Photos
Listing Agents
James Stewart

O: 210-514-4342
M: 210-514-4342
james.stewart@marcusmillichap.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

2508 Williams Drive

Georgetown, TX 78628

Listing ID: 300705
Call for Pricing
For Sale
  • Property Type Office for Sale : Professional
  • Lot Size Acres 0.680
  • Building Sq Ft 8,780
  • Land Sq Ft 29,620
  • 2508 Williams Drive Georgetown, TX 78628 | for Sale | Photo 1
  • 2508 Williams Drive Georgetown, TX 78628 | for Sale | Photo 2
  • 2508 Williams Drive Georgetown, TX 78628 | for Sale | Photo 3
  • 2508 Williams Drive Georgetown, TX 78628 | for Sale | Photo 4
2508 Williams Drive | for Sale | Thumbnail 1
2508 Williams Drive | for Sale | Thumbnail 2
2508 Williams Drive | for Sale | Thumbnail 3
2508 Williams Drive | for Sale | Thumbnail 4
Property Highlights
 Owner Financing Available at Below Market Terms
 Stabilized - Value Add Opportunity with Unparalleled Upside
 Property is on One of the Most Vibrant Major Thoroughfares in Georgetown Less Than a Mile from I-35
Description

Marcus & Millichap is pleased to exclusively offer 2508 Williams Dr. (the "Property") for Sale in the spectacular Georgetown, TX market. The Property is an 8,780 square foot, multi-tenant office building on one of the most vibrant major thoroughfares in Georgetown - Williams Dr. (the Gateway to Georgetown). From an opportunity standpoint, the current owner has leased the Property based on the tenant's useable square footage occupied (total of 5,237 square feet). At 87% occupied, a new owner can enjoy positive cash flow while capitalizing on a lease conversion to a net rentable structure inclusive of a common area add-on factor, thereby bringing the 5,237 useable square footage closer in line to the 8,780 square foot gross building area. This action, together with leasing up the vacant square footage and bringing below market leases up to market presents a new owner with exceptional upside in a market that has an overall occupancy rate of 94%. This opportunity coupled with Seller's offer to provide seller financing make the acquisition of 2508 Williams Dr. the most attractive acquisition opportunity presently on market.

The Property offers both investors and Owner/Users the opportunity to acquire a small multi-tenant office in a market that is consistently recognized for its year over year growth nationally. Georgetown leads the nation in population growth for cities with a population of at least 50,000 people, according to data from the U.S. Census Bureau. Georgetown’s growth rate was 10.5 percent from July 1, 2020, through July 1, 2021, resulting in a population estimate of 75,420. At its current average growth rate, the population of Georgetown would exceed 110,000 people by 2030.

Traffic Counts

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Round Rock History of Office Space for Sale

Georgetown Area Market Trends

Listing Demographics for 2508 Williams Drive Georgetown, TX 78628

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population7,97837,52673,941
Population Median Age404043
Population by Age0-9 Yrs1072 (13%)4222 (11%)7988 (10%)
10-19 Yrs1165 (14%)6155 (16%)9702 (13%)
20-29 Yrs836 (10%)3950 (10%)7627 (10%)
30-39 Yrs750 (9%)4421 (11%)8244 (11%)
40-49 Yrs1177 (14%)4824 (12%)9338 (12%)
50-59 Yrs875 (10%)4762 (12%)8447 (11%)
60-69 Yrs1128 (14%)4744 (12%)10188 (13%)
70+ Yrs976 (12%)4448 (11%)12407 (16%)
Median HH Income$62,344$75,638$84,233
Total Household Income< 24K416 (15%)1778 (14%)3012 (11%)
25-49K534 (19%)2052 (16%)4188 (16%)
50-74K732 (27%)2417 (19%)4421 (16%)
75-99K342 (12%)1587 (12%)3843 (14%)
100-199K488 (18%)3365 (26%)8073 (30%)
200K+198 (7%)1376 (10%)2544 (9%)
Highest Education LevelNo Diploma51022323714
Diploma or GED1554604211091
Some College1250540111265
Assoc. Degree37915943859
Bachelors Degree1352652214324
Higher Degree45532988094
Total Housing Units2,94313,41627,301
--Owner-Occupied1,3917,78419,505
--Renter-Occupied1,3194,7916,577
Owner-Occupied Values< 100K46290557
100-199K35413142059
200-299K65329298009
300-399K20716755158
400-499K196141708
500K+1129622014
Total Working Age Population6,16529,88560,404
In Work Force3,67417,32733,284
Not In Work Force2,49112,55927,119
Workforce Employed3,25715,79930,974
Workforce Unemployed4151,4802,192
Civlian Workforce3,67217,27833,166
Military Workforce348118
Total Households2,71112,57526,082
Family Households1,8948,94818,458
Non-Family Households8173,6277,624
Married Couple1,4337,02615,257
Other Family4611,9223,201
Married w/Child4852,4674,827
Single Male w/Child55255365
Single Female w/Child2178831,366

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
Williamson County249,967+69422,679+40589,914+41830,421

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Other Office Space Listings for Sale Nearby
Address Price Sq Ft Acres
1601 Williams Dr, Georgetown, TX $935,750 1296 0.8
3613 Williams Drive, Georgetown, TX $348,000 1000 0.1
104 Parkview Drive, Georgetown, TX $1,900,000 9381 2.22
NEQ Highway 29 and DB Woods, Georgetown, TX CALL 17000 -
115 Shell Road, Georgetown, TX $1,170,000 3467 0.83
1528 Leander Road, Georgetown, TX $1,350,000 3400 -
1200 Westinghouse Rd, Georgetown, TX CALL 30000 15.93
7130 Ranch Road 2338, Georgetown, TX $825,000 2249 1.04
4700 Campus Village Drive, Round Rock, TX CALL 25000 1
SEQ Highway 183 and Hero Way, Leander, TX CALL 27000 -
Closest Commercial Airports
Airport Distance (mi)
Austin Bergstrom International Airport (AUS) 32
San Antonio International Airport (SAT) 91
George Bush Intercontinental Houston Airport (IAH) 148
Listing Agent
More listings from James Stewart
Featured Local Vendors
• SUPPORT OUR FREE PLATFORM •
The below vendors allow us to provide our platform at no cost. Please consider their services when needed.
• Roofing Contractor •
Roof Care Services logo
Repair, replace, maintain. Click here!
• Roofing Contractor •
Cool Roofs logo
Repair, replace, maintain. Click here!
• Title Company •
Capstone Title logo
Talk to an escrow officer today!
• Painting Contractor •
VS Pro Painting LLC logo
• Custom Radius Reports •
Cubit logo
Get the data you need. Click here

Share
Other property types near Georgetown, TX