4500 E 51st St
Austin, TX 78723
Hard Corner E 51st/Springdale Dev Opportunity · Land For Sale · 1.49 AC

The Morshed Group at Sotheby’s International Realty is pleased to offer for sale this unique mixed-use development parcel in an amazing East Central Austin location with very attractive demographics and demand for urban experiences by households in the immediate vicinity. The site is minutes to the famed Mueller mixed-use master-planned community and Dell’s Children Hospital, 10 minutes to The University of Texas, 15 minutes to Austin’s CBD as well as Dell’s Medical Center/ Red River District and 15 minutes to Austin Bergstrom International Airport. - 10,288 vehicles per day at E 51st and Springdale Rd - Population count over 55,000 within 2 miles - Household income average at $108,0000 annually - Average Age - 35 years old - Strong small office (or office condos) occupancy rates at 85%+ - Retail occupancy rates 90%+ - Previous Fully approved STP for almost 20,000SF office/community clinic - Preliminary studies indicate 18,000-20,000 square foot mixed-use office retail building is feasible • Dual Access to Springdale Rd and 51st Street • 1 mile to Mueller and Dell Children Hospital • 2 miles to University of Texas and UT Medical • 90% Allowable Impervious Coverage • 75% Allowable Building Coverage • Zoning GR-CO-NP • 60’ Allowed Building Height • 1:1 Floor-to-Area Ratio • Approximately 44 parking spaces • Over 20k households within 2 miles