SH-130 & Parmer Ln | Austin, TX 78653
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- LoopNet Team
SH-130 & Parmer Ln
Austin, TX 78653
130-Parmer · Land For Sale
·
9.40 AC
INVESTMENT HIGHLIGHTS
- GR-MU Zoning - Community Commercial-Mixed-Use allows Multifamily, including Retail with 60-ft height
- Planned Retail to serve thousands of housing units at this very accessible intersection
- Newmark appraisal (5/22) - $7,500,000 ($25,000 for 300 units) At est. 378 units (5-story) with 10,000 sf of retail, property is priced at $9,750,000
- City of Austin is eliminating parking requirements for residential & retail which should be ready for a council vote by the end of 2023
- All utilities (LUEs) available to the site and reserved. Additional LUEs are available, have been requested, and approval pending
- Strategically located on the SH 130 Tollway Corridor. 4-miles north of Tesla Giga Campus planned for 25,000+ direct employees
PROPERTY FACTS
| Property Type | Land | Proposed Use | |
| Property Subtype | Residential | Total Lot Size | 9.40 AC |
| Zoning | GR-MU - GR | Community Commercial -MU | Mixed Use Combining District See City of Austin Zoning Attachment | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 9.40 AC |
| Zoning | GR-MU - GR | Community Commercial -MU | Mixed Use Combining District See City of Austin Zoning Attachment |
DESCRIPTION
Out parcel surrounded by 60.77+- acres of multifamily under construction by Wood Partners (See Property Photo Aerials) Richard Mathias has confirmed all entitlements, utilities, zoning and we can construct 5-6 stories with a. 60 ft height limit. That can support 375+ multifamily units with 10,000s.f. of retail and we've requested to reserve 200 LUE's for this site. City of Austin is eliminating parking requirements for residential & retail which should be ready for a council vote by the end of 2023.
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