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8501 S 1st St - ±7.45 Acre Multi-Family Opportunity off I-35 7.45 Acres of Commercial Land in Austin, TX 78748
Executive Summary
Prime Development Opportunity Located in South Austin
• The site is located less than a mile North of Southpark Meadows, a 180+ acre mixed-use shopping area with a recently added 126k sf. HEB. • Construction began in late 2022 on the I-35 Capital Express South project, adding elevated managed lanes between SH-71 & Slaughter Ln and constructing a Southbound I-35 bypass lane that will allow traffic to bypass Stassney Ln & William Cannon Dr. The project is expected to be completed by 2028.
Close Proximity To Major Thoroughfares
• Site is located less than a mile West of I-35 with direct access via Slaughter Ln
• 4 miles Southwest of SH-71
• 4 miles South of Loop 360/US-290 corridor
• 4.5 miles East of Mopac
• 4.5 miles North of TX-45
• 6 miles West of US-183
• 8 miles West of TX-130
Direct Access Across the Austin Metro Area
• Sunset Valley/Arbor Trails: 12 minutes
• ABIA: 15 minutes
• South Congress (SoCo): 15 minutes
• Buda: 15 minutes
• Downtown Austin: 18 minutes
• The site is located less than a mile North of Southpark Meadows, a 180+ acre mixed-use shopping area with a recently added 126k sf. HEB. • Construction began in late 2022 on the I-35 Capital Express South project, adding elevated managed lanes between SH-71 & Slaughter Ln and constructing a Southbound I-35 bypass lane that will allow traffic to bypass Stassney Ln & William Cannon Dr. The project is expected to be completed by 2028.
Close Proximity To Major Thoroughfares
• Site is located less than a mile West of I-35 with direct access via Slaughter Ln
• 4 miles Southwest of SH-71
• 4 miles South of Loop 360/US-290 corridor
• 4.5 miles East of Mopac
• 4.5 miles North of TX-45
• 6 miles West of US-183
• 8 miles West of TX-130
Direct Access Across the Austin Metro Area
• Sunset Valley/Arbor Trails: 12 minutes
• ABIA: 15 minutes
• South Congress (SoCo): 15 minutes
• Buda: 15 minutes
• Downtown Austin: 18 minutes
Property Facts
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 7.45 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Commercial | ||
| Zoning | GR-MU-V-DB90 - GR-MU-V-DB90 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 7.45 AC |
| No. Stories | 1 |
| Zoning | GR-MU-V-DB90 - GR-MU-V-DB90 |
1 Lot Available
Lot
| Lot Size | 7.45 AC |
| Lot Size | 7.45 AC |
Parcel ID: 0428110102
Description
Austin ISD Williams Elementary School Bedichek Middle School Crockett High School
1 1
Property Taxes
| Parcel Number | 512932 | Improvements Assessment | $395,847 |
| Land Assessment | $1,581,917 | Total Assessment | $1,977,764 |
Property Taxes
Parcel Number
512932
Land Assessment
$1,581,917
Improvements Assessment
$395,847
Total Assessment
$1,977,764
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8501 S 1st St - ±7.45 Acre Multi-Family Opportunity off I-35
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