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- LoopNet Team
904 E 7th St
Austin, TX 78702
Land For Sale
·
0.14 AC
INVESTMENT HIGHLIGHTS
- Quarter Acre lot located in the Saltillo transit-oriented district in Downtown Austin.
- About $10K current rental income to cover time for permits and planning.
- I 35 Highway expansion along with the new rail lines will make this area a booming commercial and residential center
- Mixed-use development potential up to 90 feet and no parking requirements.
- Several high-end developments are currently in the nal stage of construction around the property.
PROPERTY FACTS
| Property Type | Land | Proposed Use | Parking Lot |
| Property Subtype | Commercial | Total Lot Size | 0.14 AC |
| Zoning | TOD - TOD allows mixed use development for up to 60 ffeetand possibly up to 90 feet bonus under certain conditions. Buyer to verify. | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Parking Lot |
| Total Lot Size | 0.14 AC |
| Zoning | TOD - TOD allows mixed use development for up to 60 ffeetand possibly up to 90 feet bonus under certain conditions. Buyer to verify. |
DESCRIPTION
TOD zoned land in top location with DT views. A fantastic location for a mixed-use development. A 60ft high mixed-use development is going up to the East of those lots on E 7th st. A brand new high-end office building is going up on E 8th. New rules allow for up to 90ft mixed-use in TOD Zoning, see the article here - https://www.austinmonitor.com/stories/2022/06/council-approves-new-mixed-use-development-rules-and-launches-separate-corridor-proposal/ . Currently, there 1 small home one one lot and a parking lot on the other. Both properties have existing leases for ~$5k/side ( $10K per month total) to allow time for developers to work on plans etc. Links below for the new ALTO and Inf1nity Views projects which are right adjacent to Class A office space next door newly under construction. https://www.loopnet.com/Listing/924-E-7th-St-Austin-TX/23760735/ and https://www.loopnet.com/Listing/809-E-8th-St-Austin-TX/24677303/ Clear unobstructed views of downtown. Located in the Saltillo transit-oriented development (TOD) plan which allows for greater development potential, mixed-use, and less parking. Ready to make your mark in downtown Austin? 902 & 904 E 7th Street gives you the rare opportunity to own a thrilling piece of the action near Highway I-35, close to all the hottest nightlife spots and shops that downtown offers. Enjoy stunning, panoramic skyline views from your front door and take on the exciting investment project of a lifetime. 2 lots combined you can own a quarter of an acre in the middle of Central Austin!
PROPERTY TAXES
| Parcel Number | 194705 | Improvements Assessment | $0 |
| Land Assessment | $404,743 | Total Assessment | $404,743 |
PROPERTY TAXES
