Log In/Sign Up
Your email has been sent.
3117 12th st 1 Acre of Commercial Land Offered at $2,950,000 in Austin, TX 78702
Investment Highlights
- 1-acre development opportunity
- Hotel use permitted
- Preliminary yield studies indicate the potential for a 3,500 SF restaurant + 7,000 SF patio and 77 parking spaces
- Less than 8 minutes from downtown Austin
Executive Summary
Sayers Real Estate Advisors is pleased to present the exclusive opportunity to acquire 3117 E 12th St, a commercial or multifamily development opportunity in the heart of vibrant east Austin. The one-acre property offers a prominent location near the intersection of two of east Austin's main thoroughfares; Airport Blvd and E 12th St. Both of which have seen a rise in dining and entertainment leading to the property being less than a mile from a number of the city's favorite restaurants.
The property's CS-MU-V-CO-DB90-NP zoning allows for high density commercial and/or multifamily development and up to 80 feet of height. The property is ideally positioned for a residential or hospitality development benefiting from significant height and unrestricted view of downtown Austin. Preliminary yield studies indicate the potential for a 3,500 SF restaurant + 7,000 SF patio and 77 parking spaces.
The property's CS-MU-V-CO-DB90-NP zoning allows for high density commercial and/or multifamily development and up to 80 feet of height. The property is ideally positioned for a residential or hospitality development benefiting from significant height and unrestricted view of downtown Austin. Preliminary yield studies indicate the potential for a 3,500 SF restaurant + 7,000 SF patio and 77 parking spaces.
Property Facts
| Price | $2,950,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.00 AC |
| Property Type | Land | ||
| Zoning | CS-MU-V-CO-DB90-NP | ||
| Price | $2,950,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.00 AC |
| Zoning | CS-MU-V-CO-DB90-NP |
1 Lot Available
Lot
| Price | $2,950,000 | Lot Size | 1.00 AC |
| Price Per AC | $2,950,000.00 |
| Price | $2,950,000 |
| Price Per AC | $2,950,000.00 |
| Lot Size | 1.00 AC |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3117 12th st
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.