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3506 Tom Green St - 3506 Tom Green Unit A 0.14 Acres of Commercial Land Offered at $875,000 in Austin, TX 78705
INVESTMENT HIGHLIGHTS
- Close Proximity to Interstate 35 & State Highway 1
- Density Bonus
EXECUTIVE SUMMARY
Redevelopment opportunity in the North University/Hyde Park neighborhood near UT. City allows single-stair five-story multifamily. The total lot is 6.048 SF, and air rights are 51% of the total area of Unit 1 and Unit 2 per condo documents. Density Bonus allowing up to 70 feet in height, factoring compatibility and NCCD. Rare infill opportunity with no FAR, more forgiving compatibility setbacks, generous building coverage, and fewer setback requirements under the DB-ETOD zoning overlay recently approved. All information to be confirmed through the City of Austin. NCCD elements will apply, including one parking space per bedroom, based on recent consultation with the City of Austin.
Listing includes Unit 1 only, totaling 6,048 SF.
Listing includes Unit 1 only, totaling 6,048 SF.
PROPERTY FACTS
| Price | $875,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.22 AC |
| Price | $875,000 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.22 AC |
1 LOT AVAILABLE
Lot
| Price | $875,000 | Lot Size | 0.14 AC |
| Price Per AC | $6,302,082.21 |
| Price | $875,000 |
| Price Per AC | $6,302,082.21 |
| Lot Size | 0.14 AC |
Flat level lot. Trees in rear of the property should not negatively impact density. Home is likely a tear down.
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3506 Tom Green St - 3506 Tom Green Unit A
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