606 W 17th St
Austin, TX 78701
Land For Sale · 0.63 AC

Holt Lunsford Commercial is pleased to offer for sale the Rio House Apartments (the “Property”), a unique redevelopment opportunity totaling 22,921 square feet in 2 apartment buildings on 0.64 acres in the heart of Downtown Austin’s Central Business District (CBD). The Property is located on the hard corner of West 17th Street and Rio Grande Street. The property is currently zoned general commercial services (CS) with a FAR of 3. Less than 0.5 miles to the University of Texas campus and less than 0.3 miles to Austin Community College. Premier Location CBD LOCATION WITH PROXIMITY TO UNIVERSITY OF TEXAS AND AUSTIN COMMUNITY COLLEGE CAMPUSES Excellent location in one of Austin’s most coveted submarkets. Less than 0.5 miles to the center of the University of Texas campus and less than 0.3 miles to Austin Community College. Quick access to areas including: Downtown, the Financial and Medial districts, West End, The Drag, and West Campus. SURROUNDED BY INSTITUTIONAL OWNERSHIP Austin’s CBD & West Campus submarkets are home to many of the largest institutional multi-family & student housing owners and developers including American Campus Communities, Principal Financial Group, Education Trust Realty, Capstone Collegiate Communities, CWS Capital Partners, Crow Holdings, and Nuveen. PRIME PARCEL FOR REDEVELOPMENT Over 0.5 acres at the hard corner of West 17th and Rio Grande. The property is currently zoned general commercial services (CS) and general office (GO) with a FAR of 3. Maximum height is sixty (60) feet. EXCELLENT LOCATION IN AUSTIN’S CENTRAL BUSINESS DISTRICT Rio House Apartments are located at the intersection of West 17th Street and Rio Grande Street. This location allows for excellent accessibility to the University of Texas and Austin Community College campuses and rapidly growing Austin CBD districts in all directions.