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$692,000
Est. payment /mo
0.29 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Site-Pad
Listing Status Hold
Purchase Type For Sale
Subdivision Culp
MLS Listing ID 8559526
Year Built 1800
Tax Year 2025
Lot Size 0.293 Acres
Acres 0.2931
Property Sub-Type Site-Pad
Source actris
Property Description
Prime Riverside Development Opportunity – GR Zoning | SB-840 Eligible | 5 Stories Allowed Exceptional development opportunity near the rapidly evolving Riverside Drive corridor. This GR-zoned corner lot, currently eligible under SB-840, allows for a streamlined residential up to 5 stories permitted under existing code , with no residential setbacks and no neighborhood plan restrictions with 4 units that could be developed by right and. The site also offers flexibility for commercial or mixed-use development, giving builders and investors multiple exit strategies. Two adjacent attached residential parcels provide an expanded footprint and may be candidates for rezoning(separate listings), creating the potential for a larger, higher-density project. Ability to purchase additional parcels Situated within one of Austin's most transformative growth corridors, the property is surrounded by major developments such as Oracle's corporate campus approximately 1.7 miles away and multiple high-density mixed use projects reshaping East Riverside. The site sits near the proposed Montopolis ETOD (Equitable Transit-Oriented Development) area and the future Project Connect Montopolis train station, positioning this property for long term appreciation as transit oriented redevelopment accelerates. Featuring excellent visibility, strong traffic counts, and immediate access to major arterials, this location is ideally suited for forward-thinking residential or mixed-use development. A rare opportunity to secure a flexible, high-growth infill site in the path of massive redevelopment. Broker/Owner
Location
State TX
County Travis
Area 9
Interior
Heating None
Cooling None
Flooring See Remarks
Fireplace N
Exterior
Utilities Available Electricity Available
Accessibility None
Total Parking Spaces 10
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Other
New Construction No
Others
Restrictions None
Acceptable Financing Cash, Conventional
Tax Rate 1.98
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by 3rd Angle Realty LLC • Joshua Brunsmann
NEARBY SCHOOL & BUSINESS
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