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Sylvia Crystal Ortega

sylviaortega@purerealty.com +1(737) 363-7595

$1,500,000

Est. payment - /mo

3,881 SqFt

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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 SCHOOL & BUSINESS

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Sylvia Crystal Ortega

+1(737) 363-7595

Private Real Estate Consultant | License ID: 820798

Private Real Estate Consultant License ID: 820798

700 & 604 Corral LN Austin, TX 78745

Sylvia Crystal Ortega

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION