Hard Corner E 51st/Springdale Dev Opportunity
1.49 Acres of Commercial Land Offered at $1,600,000 USD in Austin, TX 78723
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,600,000
- Property Type
-
Land
Listing Contacts
Tarek Morshed
Verified Profile
- Property Info
Property Overview
The Morshed Group at Sotheby’s International Realty is pleased to offer for sale this unique mixed-use development parcel in an amazing East Central Austin location with very attractive demographics and demand for urban experiences by households in the immediate vicinity. The site is minutes to the famed Mueller mixed-use master-planned community and Dell’s Children Hospital, 10 minutes to The University of Texas, 15 minutes to Austin’s CBD as well as Dell’s Medical Center/ Red River District and 15 minutes to Austin Bergstrom International Airport.
- 10,288 vehicles per day at E 51st and Springdale Rd - Population count over 55,000 within 2 miles
- Household income average at $108,0000 annually - Average Age - 35 years old
- Strong small office (or office condos) occupancy rates at 85%+
- Retail occupancy rates 90%+
- Previous Fully approved STP for almost 20,000SF office/community clinic
- Preliminary studies indicate 18,000-20,000 square foot mixed-use office retail building is feasible
• Dual Access to Springdale Rd and 51st Street
• 1 mile to Mueller and Dell Children Hospital
• 2 miles to University of Texas and UT Medical
• 90% Allowable Impervious Coverage
• 75% Allowable Building Coverage
• Zoning GR-CO-NP
• 60’ Allowed Building Height
• 1:1 Floor-to-Area Ratio
• Approximately 44 parking spaces
• Over 20k households within 2 miles
- 10,288 vehicles per day at E 51st and Springdale Rd - Population count over 55,000 within 2 miles
- Household income average at $108,0000 annually - Average Age - 35 years old
- Strong small office (or office condos) occupancy rates at 85%+
- Retail occupancy rates 90%+
- Previous Fully approved STP for almost 20,000SF office/community clinic
- Preliminary studies indicate 18,000-20,000 square foot mixed-use office retail building is feasible
• Dual Access to Springdale Rd and 51st Street
• 1 mile to Mueller and Dell Children Hospital
• 2 miles to University of Texas and UT Medical
• 90% Allowable Impervious Coverage
• 75% Allowable Building Coverage
• Zoning GR-CO-NP
• 60’ Allowed Building Height
• 1:1 Floor-to-Area Ratio
• Approximately 44 parking spaces
• Over 20k households within 2 miles
Property Details
- Property Subtype
- Commercial
Highlights
- Incredible hard corner with amazing visibility and very buildable lot
- Powerful Demographics - Over 20,000 household within 2 miles, $108,000 Average Household Income within 2 miles
- Minutes to Mueller, 15 mins to downtown, 15 minutes to ABIA, 10 mins to Dell's Medical Center
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].