Shady Mixed-Use Commercial

2.41 Acres of Commercial Land in Austin, TX 78702

Date Added:
May 17, 2024
Days on Market:
28 days
Property Type
Land

Listing Contacts

Loren Kirkpatrick
Loren Kirkpatrick
Verified Profile
Karen Skelton
Karen Skelton
Verified Profile
  • Property Info

Property Overview

914 Shady Lane Tract 2B is zoned LR-MU, with a height limitation under current neighborhood concession of 40 feet. New City ordinances allows up to 90 feet if affordability is included in the development, dramatically increasing overall yield. The property is located in a Qualified Opportunity Zone. Flood Plain modeling updated with the City of Austin and upon final site plan approval the flood plain will be contained within the engineered waterway of Boggy Creek (drainage area). NRP Group is planning 600+ workforce housing and a school on the Coy Ferrales facility next door. Opportunities to provide commercial services for the new planned development. Condo potential, office, restaurant and/or retail use is permitted.

Property Details

Property Subtype
Commercial

Highlights

  • Office, Retail, Mixed Use Condominium, Restaurant, Medical, Bed & Breakfast
  • Service Extension Request Completed
  • Removal of FEMA Floodplain to Boogy Creek Channel Confirmed by City
  • Affordability Unlocked and by Rights allows up to 90 feet on Tract 2B and 50% density bonus on Tract 2A
  • Tree Survey Available
  • Qualified Opportunity Zone

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