A 12-story office building in downtown Austin, known as 211 Seventh, is now available for purchase. The property, located at 211 East Seventh Street and built in the 1970s, has been listed by Houston-based Highland Resources. JLL Capital Markets is handling the sale with managing director Jeff Coddington, along with Joe Dowdle and Ryan Stevens.
The building occupies about 0.7 acres and offers 162,000 square feet of space. It stands across from the Driskill Hotel and Omni Austin Hotel Downtown, near Stream Realty Partners’ redevelopment project on East Sixth Street.
JLL is highlighting several possibilities for potential buyers: the property could continue as an office space, be redeveloped, or undergo adaptive reuse such as conversion to residential or hospitality purposes. While the asking price was not disclosed in marketing materials, public records show its most recent appraised value was $23.8 million according to the Travis Central Appraisal District.
The offering comes amid high vacancy rates in Austin’s office market—25.8 percent during the third quarter, based on JLL data. Despite these challenges, some investors are looking ahead to a possible rebound. “We expect the Austin office capital markets to remain fertile ground for opportunistic, contrarian buyers positioning ahead of a 2026/2027 leasing rebound,” said Ryan Stevens of JLL in an emailed statement.
Currently about 62,000 square feet of the building are being marketed for lease. The occupancy rate stands at approximately 61 percent with tenants including Dealerware, ThinkOnward, Brightpearl by Sage and Suvida Healthcare—many of whom have short-term leases according to Coddington.
There are also development incentives tied to this location. Although there is a temporary height cap of 350 feet downtown, developers can exceed this through participation in Austin’s Downtown Density Bonus Program; this parcel allows a floor-to-area ratio up to 25-to-1 and does not fall under Capitol View Corridor restrictions.
Adaptive reuse may appeal to prospective buyers given that only about 1.1 percent of Austin’s current office inventory is suitable for conversion projects based on research from Partners. “The building at 211 Seventh is an exception,” said Coddington, citing features such as smaller floor plates (about 16,700 square feet) and a high window-to-floor ratio that could facilitate residential or hotel conversions.
