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Austin Business Journal shares, "A downtown Austin apartment building has hit the market.

The building, called Elle West Ave. and located at 300 West Ave. across the street from a Trader Joe’s, is for sale, according to a listing from commercial real estate firm Newmark, which is marketing the building. Elle West Ave. is both a value-add opportunity and a redevelopment opportunity, said Patton Jones, vice chairman of Newmark’s Central Texas office.

Built in 2000, it has 205,125 square feet of space and four stories, with 239 apartments. Jones said it also has 6,536 square feet of ground-floor retail occupied by small businesses such as salons.

As of August, the apartments were 92.5% occupied and the retail space was 100% occupied.

The…

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