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- LoopNet Team
1129-1135 Gunter St
Austin, TX 78702
Prime 3.4± AC Mixed-Use Development Site · Land For Sale
·
3.40 AC
Investment Highlights
- Potential for approximately 325 residential units with commercial on the ground floor
- Explosive development in desirable East Austin submarket
- High visibility & easy access along Airport Blvd. (27,900 VPD)
- Zoning entitlements in place
- Proximity to other recent multifamily, office & retail developments
Property Facts
Description
Minutes from downtown Austin, this 3.4-acre mixed-use parcel is nearing full entitlement status for the development of approximately 325 residential units situated above desirable ground floor commercial space. Often referred to as an “authentic” view of Austin, and possibly the best kept secret in town, the neighborhoods within the East Austin submarket exude an electric, trendy vibe that attracts younger professionals with strong demographics. East Austin is ground zero for thoughtful revitalization and boasts a perfect blend of historic and new construction. The subject property sits at the corner of Airport Boulevard (Loop 111) and Kirk Avenue, across from a 363-unit, Class-A apartment community currently in development, as well as transformative workplace projects like Springdale General and the Springdale Green project. The East Austin area is rapidly transforming while staying true to its roots, and this sale represents an opportunity to be a part of the journey.
