106 Parsons st 0.86 Acres of Commercial Land Offered at $4,300,000 in Manor, TX 78653

106 W Parsons Street is a 13-lot, 7-parcel assemblage controlling nearly an entire city block in downtown Manor, Texas — a covered land play offering developer-ready scale with income in place. The offering comprises ±0.86 acres (Travis CAD) improved with multiple commercial buildings (5 per prior MLS records; buyer to verify), zoned C-1 Light Commercial, in a Qualified Opportunity Zone at the corner of Old Hwy 20 and S Lexington St.
The established on-site automotive operation conveys, generating income while a buyer works through planning and entitlement — land banking without negative carry. The city's Destination 2050 plan designates the block Downtown Mixed-Use and encourages a Downtown Business rezone for substantial redevelopment: smaller setbacks, greater coverage, more density.
- Covered land play: on-site income carries the asset through planning, entitlement, and design.
- Near full-block assemblage: ten contiguous parcels in Block 24 of the original Manor townsite; contiguous control that rarely trades downtown.
- Opportunity Zone + upzone path: FLUM designates Downtown Mixed-Use; the city encourages a Downtown Business rezone with reduced setbacks and higher coverage.
- Utilities in place: City of Manor water and sewer; 6-inch wastewater line in the 20-ft public alley; gas available.
- Income in the price: the operational automotive business is included in the $4,300,000 sales price; financials to qualified parties on request.
- Ideal for: owner-users seeking scale, investors assembling a land bank in a high-growth submarket, or developers planning a future downtown Manor mixed-use or commercial project.
Located at the corner of Old Hwy 20 and S Lexington St.
Manor anchors the midpoint of Austin's eastern growth corridor. The city ranks among the fastest-growing in the United States, with population growth of ±1,686% since 2000 and 14,000+ housing units in various stages of planning. Major retail has followed: H-E-B is now open at Manor Crossing (100,100 SF) alongside Home
Depot, TJ Maxx, and Burlington.
- US-290 corridor exposure: ±28,371 vehicles per day at Manor (TxDOT), with corner positioning in the city's commercial core.
- Tesla Giga Texas: ±15 minutes south via FM 973, which TxDOT is expanding to six lanes; 20,000+ jobs.
- Samsung Taylor: ±20 minutes north via SH-130; $37B+ in announced Central Texas investment and a $16.5B Tesla-Samsung chip supply deal through 2033.
- Proposed CapMetro Green Line: commuter rail proposed on the freight corridor at the assemblage's south edge, with a Manor station proposed.
- Young, affluent trade area: median age 29.3; 2025 est. average household income $130,596; median home value $347,900; 75% homeownership.