900 Old Koenig Ln
Austin, TX 78752
Land For Sale
·
1.65 AC
Investment Highlights
- Potential for 326-unit, mixed-use building with commercial on the ground floor
- Qualifies for Corridor Overlay Ordinance
- High visibility & easy access along N. Lamar (25,000 Vehicles Per Day)
- Fully entitled - site plan & building permits
- Ideal for affordable housing development within Austin’s Midtown submarket
- Convenient access to all major roadways
Property Facts
Description
Just five miles north of downtown Austin, three and a half miles north of the University of Texas at Austin and mere blocks from Austin Community College Highland campus, this premier 2± acre development site is located in an area of high growth within the Midtown Austin submarket. The site is fully entitled with its site plan and building permits and will boast seven stories of multifamily units situated above ground floor commercial space. Adjacent to Austin-based burger stand, P. Terry’s, and directly across the street from the Texas Department of Public Safety, this property benefits from high visibility along the heavily traveled Lamar Boulevard. Not only does the development site have excellent access to major area thoroughfares, including I-35, MoPac Expressway and more, it will also have convenient access to Austin’s approved future light rail project. Future residents will benefit from intermodal transit connecting them to the greater Austin area.
Property Taxes
| Parcel Number | 230006 | Improvements Assessment | $0 |
| Land Assessment | $6,117,960 | Total Assessment | $6,117,960 |
Property Taxes
