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$1,500,000
Est. payment /mo
3,881 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type See Remarks
Listing Status Active
Purchase Type For Sale
Square Footage 3,881 sqft
Price per Sqft $386
Subdivision Circle S Ridge Sec 01
MLS Listing ID 2767810
Year Built 1959
Annual Tax Amount $16,018
Tax Year 2025
Lot Size 2.010 Acres
Acres 2.01
Property Sub-Type See Remarks
Source actris
Property Description
Ideal HOME / HOME2 development site. This 2.01+/- acre assemblage of two 1+/- acre city lots is in the sweet spot for size and density under the code, ideal for a mid-density entry level sale or single family rental development in the heart of Austin. Feasibility studies by LLVLL Design / Build projects up to 31 units @ 1650 sqft / unit, equating to over 51,000 buildable sqft, extracting maximum benefit from 90% FAR allowed under the code if used strategically. At 51k sqft land cost is under $30/sqft. Nice level site with easy access. Arborist indicates all existing trees can be removed. The existing homes are both occupied allowing for a low cost entry point leveraging conventional residential lending and substantial interim rental income while in the lead up to groundbreaking. One of both of the existing homes could be saved / renovated/ flipped to substantially lower the cost basis on the land with minimal impact to the total project unit count. I-35 Capital Express South project with easy access from both directions and a 2023 daily traffic count of over 190,000. Major infrastructure improvements related to the TXDOT effort just completed. Buyers to do all their own due diligence. Contact LA for more information.
Location
State TX
County Travis
Zoning SF-2, HOME & HOME2 compa
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View None
Total Parking Spaces 10
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
New Construction No
Others
Special Listing Condition Standard
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Listed by Texas Ally Real Estate Group
NEARBY SCHOOLS & PROPERTIES
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FEATURED AREAS IN AUSTIN