$63.87 Per Sq Foot $9,931 est/mo Sourced by Back At You

1221 S Interstate 35 Freeway,Austin, TX 78741

Austin TX, 78741

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Description

The property consist of three tax parcels (lots). 200 ft. frontage on the service road on the lower level and being approximately 16,200 sq. ft. of level surface with 1188 sq. ft. that can be renovated or torn down for new development. Upper portion of property that is above the green retaining wall accessed by Lupine street above. Those lots are total of 13,661 sq. ft. by survey. The upper lots are zoned SF-3 and the lower level zoned Commercial/LR. Buyer can redevelop the property and build a 3-5 story mixed use building with outstanding views of downtown city skyline. Tract is served by all utilities. Electricity, water, wastewater, telephone, natural gas and internet and cable. See aerial views from drone shots made of area. The view cannot be blocked in the future from any developments since no properties exist for development between this site and downtown. City owns only lot at NW corner at Riverside Dr. and IH 35 they converted it to dog park so will never be developed. It is the only site that could block the view from this subject property to city. Total Sq. footage of site on both levels is 28,865 sq. feet.

Details

MLS#6940715
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1964
Days On Site171
Listing Provided ByAustin Premium Property | David Morrison
Buying Commision3.

Features

SQ Feet28,965
Building(s)1
Zoningproperty is zoned commercial /LR
Acreage0.35
Water FrontYes
Property ViewCity, City Lights, See Remarks

 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of July 21, 2024 at 1:28:29 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Listings Checked: 5 minutes ago
StateTX
CountyTravis
CityAustin
Zip Code78741
Area9
Community NameParkinson Lela
Listing VS Median (in Parkinson Lela)
Price:
$1,850,000
low | high
Med:
$1,850,000
50% of Average
SqFt:
28,965
low | high
Med:
28,965
50% of Average
$ / SqFt:
$64
low | high
Med:
$64
50% of Average
On Site:
171
low | high
Med:
171.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 3:44:06 PM PDT