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1725 Toomey Rd 0.9 Acres of Commercial Land in Austin, TX 78704
INVESTMENT HIGHLIGHTS
- Quietly tucked off of Barton Springs Rd and South Lamar Blvd, while maintaining extremely close proximity to the shops and restaurants.
- High density multifamily zoning.
- Steps from water's edge.
EXECUTIVE SUMMARY
Unicorn redevelopment opportunity, walking distance from Austin's Barton Springs Pool, steps (literally) from the Hike & Bike trail at the water's edge, and a short stroll to restaurants and shopping on Barton Springs Road and South Lamar Blvd.
The property has recently been rezoned to MF-6, allowing up to 90' of height, securing views of Lady Bird Lake, the Downtown Austin skyline, and the Hill Country. Preliminary planning indicates ~150,000 net rentable/saleable SF by-right, with potential for an additional 25k net. Existing 40 unit complex is fully operational, providing an opportunity for cover on the land acquisition before breaking ground.
The property has recently been rezoned to MF-6, allowing up to 90' of height, securing views of Lady Bird Lake, the Downtown Austin skyline, and the Hill Country. Preliminary planning indicates ~150,000 net rentable/saleable SF by-right, with potential for an additional 25k net. Existing 40 unit complex is fully operational, providing an opportunity for cover on the land acquisition before breaking ground.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 0.90 AC |
| Zoning | MF-6 - Multifamily - Highest Density 90' Height | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.90 AC |
| Zoning | MF-6 - Multifamily - Highest Density 90' Height |
1 LOT AVAILABLE
Lot
| Lot Size | 0.90 AC |
| Lot Size | 0.90 AC |
1 1
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (84)
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1725 Toomey Rd
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