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Investment Highlights
- ±51.033 Acres in Austin’s High-Growth Eastern Corridor
- Unzoned Property with No Future Land Use Designation
- Utilities Approved for Near-Term Development
- Located Within Austin’s 2-Mile ETJ & Designated Opportunity Zone
- Flexible Development Potential for Commercial, Multifamily, BTR, Flex Industrial, Mixed-Use, or Single-Family Uses
- Strong Residential & Commercial Growth Surrounding the Property
Executive Summary
Avison Young is pleased to present the opportunity to acquire ±51.033 acres located at 4900 E. Howard Lane in Austin, TX. Situated within Austin’s 2-mile ETJ and designated as an Opportunity Zone, the Property offers significant flexibility for retail commercial, multifamily, single family, build-to-rent residential, flex industrial, mixed-use development. The front ±12.5 acre parcel (“Phase 1”) is fully platted with an approved SER for water and wastewater service, providing a clear path toward near-term development.
Potential development scenarios include 171 townhome units or 300 garden-style multifamily units, highlighting the site’s strong residential development potential. With multiple approved access points and strong surrounding growth, the Property represents a compelling investment and development opportunity in one of Austin’s most active growth corridors.
Potential development scenarios include 171 townhome units or 300 garden-style multifamily units, highlighting the site’s strong residential development potential. With multiple approved access points and strong surrounding growth, the Property represents a compelling investment and development opportunity in one of Austin’s most active growth corridors.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 51.00 AC |
| Zoning | Unzoned - Unzoned - No future land use designation | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 51.00 AC |
| Zoning | Unzoned - Unzoned - No future land use designation |
1 Lot Available
Lot
| Lot Size | 51.00 AC |
| Lot Size | 51.00 AC |
Rare ±51.033-acre Opportunity Zone site in Austin's growth corridor. Unzoned tract with approved utilities, multiple access points, and flexible development potential for residential, commercial, multifamily, and mixed-use projects.
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 258949 | Improvements Assessment | $0 |
| Land Assessment | $23,000,000 | Total Assessment | $23,000,000 |
Property Taxes
Parcel Number
258949
Land Assessment
$23,000,000
Improvements Assessment
$0
Total Assessment
$23,000,000
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