Premier 2± AC Mixed-Use Development Site
2.05 Acres of Commercial Land in Austin, TX 78752
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Land
Listing Contacts
Stephen Madura
Verified Profile
Michael Kneifel
Verified Profile
Adam Zimmerman, MAI
Verified Profile
- Property Info
Property Overview
Just five miles north of downtown Austin, three and a half miles north of the University of Texas at Austin and mere blocks from Austin Community College Highland campus, this premier 2± acre development site is located in an area of high growth within the Midtown Austin submarket. The site is fully entitled with its site plan and building permits and will boast seven stories of multifamily units situated above ground floor commercial space. Adjacent to Austin-based burger stand, P. Terry’s, and directly across the street from the Texas Department of Public Safety, this property benefits from high visibility along the heavily traveled Lamar Boulevard. Not only does the development site have excellent access to major area thoroughfares, including I-35, MoPac Expressway and more, it will also have convenient access to Austin’s approved future light rail project. Future residents will benefit from intermodal transit connecting them to the greater Austin area.
Property Details
- Property Subtype
- Commercial
Highlights
- Potential for 326-unit, mixed-use building with commercial on the ground floor
- Fully entitled - site plan & building permits
- Qualifies for Corridor Overlay Ordinance
- Ideal for affordable housing development within Austin’s Midtown submarket
- High visibility & easy access along N. Lamar (25,000 Vehicles Per Day)
- Convenient access to all major roadways
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