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- LoopNet Team
2905 E 2nd St
Austin, TX 78702
2905 East 2nd | East Austin · Land For Sale
·
0.15 AC
INVESTMENT HIGHLIGHTS
- PRICE REDUCED by $325,000
- Walk to over a dozen East Austin Restaurants and Bars - Including neighbor Lustre Pearl East
- Over 3,000 Apartment Units within 1.5 miles. Easy Commute for employees
- ZONING: GR-MU-NP Allows for Retail and Restaurant
- Purchase with 2 Off Market lots behind on East Cesar Chavez for 18,700 SF Mixed Use / Retail Development
- City Of Austin Eliminated Parking Requiments - ADA Parking Still Required
PROPERTY FACTS
| Property Type | Land | Proposed Use | |
| Property Subtype | Commercial | Total Lot Size | 0.15 AC |
| Zoning | GR-MU-NP - Zoning Provides a Variety Commercial of Uses . Retail, Restaurant, Office, Mixed Use | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.15 AC |
| Zoning | GR-MU-NP - Zoning Provides a Variety Commercial of Uses . Retail, Restaurant, Office, Mixed Use |
DESCRIPTION
- Prime East Austin Location: Situated in the heart of East Austin, this 6800 SF commercial lot offers a strategic position in one of Austin's most dynamic neighborhoods, renowned for its rapid growth, innovation, and vibrant community. - Zoned GR-MU: Versatile zoning allows for a variety of developments, including highly sought-after retail, restaurant, or cocktail bar, providing endless opportunities for creative and lucrative investment. - Approved Site Plan for Office Building: Comes with a fully approved site plan for a 6,113 SF interior/enclosed office building, featuring an 855 SF third-floor patio, designed to maximize utility and aesthetics. - Time and Money Savings: Benefit from a 12-16 month head start in the development process with pre-approved plans, eliminating the need for hiring a team of engineers, architects, and permit expeditors. - City of Austin Approved: Plans were submitted and approved by the City of Austin in 2023, with an expectation of easy re-approval for a new building permit, simplifying the development process. - Strategic Development Opportunity: The property's location and zoning offer a unique chance to create a standout office space, retail outlet, restaurant, or bar that meets the needs of Austin's growing commercial landscape. - Investment Potential: Capitalize on East Austin's continued expansion and the influx of new businesses and creative endeavors, making it an opportune moment for visionary investors and developers. - Engage with East Austin's Growth:** Represents a rare opportunity to directly contribute to the area's exciting development trajectory, whether you're looking to build a new headquarters, an innovative co-working space, or a multipurpose commercial hub. Versatile Investment Options: Although ideally suited for office building development, the lot's zoning and location also provide perfect conditions for establishing retail, restaurant, or bar ventures, catering to a wide range of investor interests. Looking for land for sale in Austin, but worried about the lengthy development process? This is an ideal location - Austin land with approved site plan. Secure your general contractor and be in your offices in 12 -18 Months. Even running your projects conservatively - the Commercial Real Estate growth trends in Austin, Texas have kept Investors coming back for more for decades. BIGGER DEVELOPMENT ~~~~2 lots adjacent along East Cesar Chavez available for sale - Off-Market. Combine all 3 for 18,700 SF of Retail / Mixed Use property for your development. Retail with Multifamily above.
