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- LoopNet Team
4712 Milburn Ln
Austin, TX 78702
Milburn & Mansell SF-6 · Land For Sale
·
1.72 AC
Investment Highlights
- Qualified Opportunity Zone
- Ample impervious cover allowance
- Best of 78702 - walking distance to Justine's, Hi-Sign Brewery & Austin Bouldering Project
- Nestled in Trees with Park & Creek buffers
- Adjacent to new Multi-family development
Property Facts
| Property Type | Land | Proposed Use | Single Family Residence |
| Property Subtype | Residential | Total Lot Size | 1.72 AC |
| Zoning | SF-6 - Single-family 6 allows townhomes, duplex, or single-family development. Estimated 6 to 8 units depending on size, potential for vertical 17,000SF | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Residence |
| Total Lot Size | 1.72 AC |
| Zoning | SF-6 - Single-family 6 allows townhomes, duplex, or single-family development. Estimated 6 to 8 units depending on size, potential for vertical 17,000SF |
Description
SF-6 lot totaling 1.722 acres, located in a Qualified Opportunity Zone with a large portion of the property located in the Boggy Creek waterway that does not count as impervious cover. Potential for duplex or townhome development with an estimated yield of 6 to 10 units totaling 17,000 SF in a vertical stacked program. NRP is developing an MF project next door at the Coy Complex and adding a new school for AISD. Walking distance to Justine's and Hi-Sign Brewery. The property is currently part of a larger 4.13-acre site bounded by 914 Shady Lane, but owners will consider subdividing Tract 1 on Milburn. The open park area to the South of the site cannot be developed and will create a beautiful greenbelt buffer with views and Boggy Creek buffer to the North creating a private enclave nestled in the trees. City of Austin driveway easement to the Creek. Premilinary Conceptual site plan approved by the City of Austin, Service Extension Request completed. Utilites are adjacent to the site with electricity already installed. Short-term potential for AIRBnB or tiny home development.
