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4235-4243 S Congress Ave - St. Elmo Redevelopment Site 1.73 Acres of Commercial Land Offered at $11,300,000 in Austin, TX 78745

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INVESTMENT HIGHLIGHTS

  • Hard-Corner
  • Prime redevelopment opportunity
  • NOI +/- $330,420
  • Cash flowing properties
  • Located in one of Austin's main mixed-use hubs of new and future developments

EXECUTIVE SUMMARY

This assemblage consists of 3 cash flowing properties with an annual NOI of approximately $330,420. A 68-unit self storage facility, a Lamb's Automotive Shop, and an owner-operated equipment rental business. Please inquire for more details on income/leases in places. This assemblage is in an ideal location for a multi-family, grocery, hospitality, or mixed-use redevelopment. Current zoning (CS-MU-NP) allows for 60ft of height, while a rezone to CS-MU-V-DB90-NP allows 90ft of height.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER AC
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual -
Annual Per AC -
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual -
Annual Per AC -
Net Operating Income
Annual $99,999
Annual Per AC $9.99

PROPERTY FACTS

Price $11,300,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Hold For Development
Total Lot Size 1.73 AC
Zoning CS-MU-NP

1 LOT AVAILABLE

Lot

Price $11,300,000
Price Per AC $6,531,791.91
Lot Size 1.73 AC

This offering consists of three (3) adjacent, commercially zoned properties in the St. Elmo district on the South East corner of South Congress Avenue & Industrial Boulevard. Address: 4243, 4241, 4235, 4237 South Congress Ave. & Industrial Blvd.

DESCRIPTION

The information contained herein has been gathered from sources deemed reliable; however, McAllister & Associates, and its principals, members, officers, associates, agents and employees cannot guarantee the accuracy of such information. The information contained herein is subject to changes, errors, omissions, prior sale, withdrawal of property from the market without prior notice, and approval of purchase by owner. Prospective buyers should verify all information to their satisfaction. No representation is made as to the possible value of this investment or type of use, and prospective buyers are urged to consult with their tax and legal advisors before making a final determination. Real Estate buyers are hereby notified that real properties and its rights and amenities in the States of Texas are subject to many forces and impacts whether natural, those caused by man, or otherwise; including, but not limited to, drought or other weather-related events, disease (e.g. Oak Wilt, Anthrax, Chronic Wasting Disease), invasive species, illegal trespassing, previous owner actions, neighbor actions and government actions. Prospective buyers of Texas real estate should investigate any concerns regarding a specific real property to their satisfaction. When buying investment property the buyer's agent, if applicable, must be identified on first contact and must be present at initial showing of the property listing to the prospective real estate investor in order to participate in real estate commission. If this condition is not met, fee participation will be at sole discretion of McAllister & Associates. McAllister & Associates reserves the right to require any or all interested buyer(s) of a particular property to provide proof of financial ability to purchase said property prior to the initial showing or any subsequent showing of the property. McAllister & Associates also reserves the right to refuse to show a property to a potential buyer for any reason at McAllister & Associates sole and absolute discretion.

Walk Score®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 316353
  • 316332
  • 316330
  • 316331
  • 316333
Land Assessment
$3,400,333 (2025)
Improvements Assessment
$377,407 (2025)
Total Assessment
$3,777,740 (2025)
  • Listing ID: 34926625

  • Date on Market: 2/24/2025

  • Last Updated:

  • Address: 4235-4243 S Congress Ave, Austin, TX 78745

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