Elysium and 13th Floor’s Building Is for Sale: What Austin Knows

Guide

The property listing, in plain numbers

When

Listed August 30, 2026

Where

701–713 Red River St. · Austin, Texas

Listing

$4.1 million · 8,200 sq. ft. · 0.20 acres · 100% leased

LoopNet identifies the offering as a one-story retail property at the northeast corner of Red River and East Seventh. It lists a $4.1 million asking price, or $500 per square foot, and names Elysium and 13th Floor as the two occupants in its executive summary.

The listing also says approximately 6,000 square feet could become available in the first quarter of 2027. It does not publish the tenants’ lease terms or say which space that figure covers, so it should not be treated as a confirmed move-out date for either venue.

Guide

A listing is not the same as a closure

Current status

For sale · not sold · venues still operating

No buyer has been announced, and neither Elysium nor 13th Floor has announced a closing date. The most accurate description today is narrower: their landlord is offering the real estate for sale while both businesses continue to operate.

The Austin Chronicle reported the listing on September 1 and spoke with owner J.B. Branton Jr., who said the decision was about passing the property to someone else at age 82—not dissatisfaction with the tenants. He praised both operators and said he hopes the building remains centered on music.

Guide

Why Elysium matters to Red River

At 705 Red River

Operating since 2001

Identity

Goth · industrial · alternative nightlife

Role

Live shows and long-running dance nights

John Wickham opened Elysium at 705 Red River in 2001. The Chronicle describes it as a goth and industrial mainstay as well as an Eighties-inspired dance floor—a room whose value comes from the community and programming accumulated over decades, not merely the building’s footprint.

Elysium’s official social profile still identifies the club as Austin’s alternative-nightlife venue at 705 Red River. Current festival calendars list September and October events there, reinforcing that the club remains an operating venue while the property is marketed.

Guide

13th Floor’s psychedelic lineage

Current room

At 711 Red River since 2022

Programming

Psych rock · garage · touring and local bills

Austin connection

Named in tribute to the 13th Floor Elevators

13th Floor began on East 12th Street in 2018 and moved into 711 Red River in 2022. Co-owners Nick Yaklin and Jake Garcia named the venue for Austin psychedelic pioneers the 13th Floor Elevators.

The venue’s own mission says it exists to preserve local psychedelic history while nurturing Austin’s art and music community. Its current calendar includes five LEVITATION shows from September 10 through September 13, so the room is not winding down in response to the listing.

Guide

What the 2027 language actually tells us

Listing language

First quarter of 2027

Important distinction

Potential availability—not a confirmed tenant departure

The phrase “approximately 6,000 SF could be available first quarter of 2027” is the clearest sign that a future owner may have options beyond collecting rent from the existing tenants. But “could” is conditional, and the public listing does not explain the lease mechanics behind it.

The listing also notes that part of the property lies within a Capitol View Corridor, which limits high-rise construction on that portion. That constraint may shape redevelopment, but it does not by itself guarantee that the low-rise music uses will remain.

Event

Both rooms are part of LEVITATION this week

When

September 10–13, 2026

Where

Elysium · 705 Red River St. | 13th Floor · 711 Red River St.

Festival status

Downtown LEVITATION venues · individual show rules apply

LEVITATION’s official guide identifies Elysium and 13th Floor among its downtown venues. The festival begins Thursday, September 10, and 13th Floor is also the downtown pickup location for four-day wristbands beginning at 5 p.m. that day.

These bookings are useful evidence of present-tense operations, not evidence about the venues’ long-term leases. Fans should use the festival and venue pages for current lineups, age restrictions and tickets because details can change independently from the real-estate story.

Guide

Why one address carries district-wide weight

Context

Red River Cultural District · downtown Austin

What is at stake

Two neighboring independent music rooms in one property

The sale places two distinct venue communities inside one real-estate decision. That concentration makes the address unusually important: losing either room would affect a different slice of Austin nightlife, while losing both would remove two stages from the same walkable block.

The Red River Cultural District defines its mission around preserving and strengthening the creative ecosystem that makes the neighborhood central to Austin’s music identity. The current listing is exactly the kind of moment when cultural infrastructure and downtown land economics collide—even though no specific outcome has been decided.

Guide

How to follow the story without feeding rumors

For fans and musicians

Check venue calendars · support shows · separate listings from closures

Treat the property listing, a completed sale, a lease change and a venue closure as four different events. Only the first has happened. Until the owners or venues publish new information, claims that Elysium or 13th Floor is definitely closing go beyond the verified record.

The practical response is to follow both venues directly, attend the shows already on their calendars and watch reporting from established Austin outlets. Trackside’s event calendar can help musicians find upcoming local dates, but venue and promoter pages remain the final source for same-day details.

Quick answers

Elysium, 13th Floor and the Red River sale: quick answers