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John Underwood

john@johnunderwoodaustin.com +1(512) 294-8802

$ 1,049,990

Est. payment | -/mo

6,216 Sqft Lot

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$ 1,049,990

Est. payment | -/mo

Save Virtual Tour

6,216 Sqft Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Johns C R

MLS Listing ID 2223574

HOA Y/N No

Annual Tax Amount $8,393

Tax Year 2023

Lot Size 6,216 Sqft

Acres 0.1427

Lot Dimensions 43' x 145'

Property Sub-Type Unimproved Land

Source actris

Property Description

Awesome location in Austin's MLK transit corridor with easy access to downtown and UT. With the City of Austin's new zoning ordinances, this site will support a building height of up to 60' and over 20,000 SF of rentable square footage. Consider retail/restaurant space on the first floor and residential on the upper 4 floors. Utilizing Austin's Affordability Unlock requires only 10% of the unit count to be in the Affordable category. Total residential unit SF of over 17,000 SF, with 24 or more units. Ideal configurations would be studios, and 1 and 2 bedroom units given the area demographics. The first-floor area supports over 3,000 SF of retail/restaurant space. No onsite parking is required except for ADA. No significant tree issues, flat lot, easy build. South end of lot has VIEWS TO DOWNTOWN, especially from upper floor(s). MLK is a designated transit corridor with 4-lanes and planned 20' widening, with 5 bus stops within 1 block, within walking distance to the UT @ Austin campus, 3 hospitals, the Dell Medical School, 3 Blocks East Of UT's Eastern Parking Lot. Great neighborhood with daily needs businesses on the same block (Sour Duck Bakery & Restaurant, JuiceLand, Shell, Austin Daily Press and the Wheel & Monarch Liquor). Just 4 blocks to the UT campus with the new UT Moody Center just 5 blocks away. Convenient to UT McCombs School Of Business (just 2 bus stops and 1.3 miles away). A short 25 min. walk to the Texas State Capitol Building Complex and 1/2 Mile From ST. David's Medical Center & Austin Lakes Hospital - Dell Seton Medical Center At The University Of Texas, Blackstock Family Health Center - Central Texas Medical Foundation Brackenridge Hospital - Seton Brain And Spine Institute Dell Children's Medical Center & The Heart Hospital Of Austin.Dell Children's Medical Center & The Heart Hospital Of Austin.

Location

State TX

County Travis

Area 3

Interior

Fireplace N

Exterior

Exterior Feature None

Fence None

Community Features Curbs, Sidewalks, Street Lights

Utilities Available Above Ground, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront Description None

View Downtown, See Remarks

Private Pool No

Building

Lot Description Corner Lot, Curbs, Few Trees, Level, Public Maintained Road, Trees-Medium (20 Ft - 40 Ft), Views, See Remarks

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools Campbell

Middle Schools Kealing

High Schools Mccallum

School District Austin Isd

Others

Restrictions Deed Restrictions,Zoning

Acceptable Financing Cash, Committed Money, Conventional, SBA

Tax Rate 1.8092

Listing Terms Cash, Committed Money, Conventional, SBA

Special Listing Condition Standard

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Listed by Compass RE Texas, LLC • Jeffrey Schnabel

Nearby Locations

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John Underwood

REALTOR® | Lic# 811076

john@johnunderwoodaustin.com

+1(512) 294-8802

9600 Great Hills Trl, Ste 150W, Austin, TX 78759, USA

1800 E Martin Luther King Jr BLVD Austin, TX 78702

John Underwood

Key Details

Location

Interior

Exterior

Building

Schools

Others

1800 E Martin Luther King Jr BLVD