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6601 North Capital of Texas Highway - NorthTrail 110,000 +/- Approved Square Feet 10.11 Acres of Commercial Land Offered at $7,900,000 in Austin, TX 78731

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INVESTMENT HIGHLIGHTS

  • Site Development Permit approved for approximately 110,000 square feet of leaseable area.
  • Three levels of office space above covered parking
  • Land is grandfathered to earlier development rules
  • Estimated 464 parking spaces
  • Settlement agreement with City of Austin requires City of Austin to waive most COA development fees
  • TxDOT driveway cut approved in 2025

EXECUTIVE SUMMARY

Prime location for Sale in West Austin on Capitol of Texas Highway. Approved for 110,000+ Sq Ft under previous height restrictions on 10+ acres. Zoned GR-CO and now multifamily available without rezoning after recent passage of SB840. See attached Zoning information and Conditional Overlay. Multiple uses possible: Multifamily, Restaurant, Hotel/Motel, Office Building, Private Schools, Community Recreation, Medical Offices, General Retail, Indoor or Outdoor Sports and Recreation, Hospital Services, Theater, Personal Services, Religious Assembly, and more. Convenient close-in location.
Under SB840, new height limitations increase from 28 to 45 feet and possibly more, so likely greater square footage is achievable.
Approved City of Austin Site Development Permit finalized for 110,000+ square feet of build-able space. If a different site plan is preferred by Buyer, it is far easier to amend an existing site plan than to start from scratch.
Price negotiable.
Buyer may pursue their preferred Architectural Design and Builder to fit the attractive, gently sloping site with stunning views of the valley and Bull Creek.
TxDOT driveway cut permit approved.
Prior settlement agreement with City of Austin waives most City of Austin development fees and grandfathers earlier development rules.
The attached floor plan is for conceptual display purposes only. Two of the three owners are State of Texas licensed real estate brokers. Preferred Title Company: Capstone Title – Foskitt.
Contact listing broker for site visit. See the link below for drone Footage of the site and proposed building placement.

PROPERTY FACTS

Price $7,900,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Healthcare
  • Health Club
  • Hold For Development
  • Lodge or Meeting Hall
  • Medical
  • Movie, Radio or Television Studio
  • Office Park
  • Research and Development
  • Religious Facility
  • Restaurant
  • Schools
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
Total Lot Size 10.11 AC
Cross Streets Ranch Road 2222
Zoning GR-CO - Potential multiple uses. See documentation for zoning description and conditional overlay. With the passage recently of SB840 potential residential.

1 LOT AVAILABLE

Lot

Price $7,900,000
Price Per AC $781,404.55
Lot Size 10.11 AC

Approved Site Development Permit from city of Austin Approved Driveway Cut from TxDOT in 2025

  • Listing ID: 29328486

  • Date on Market: 8/21/2023

  • Last Updated:

  • Address: 6601 North Capital of Texas Highway, Austin, TX 78731

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