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$ 3,250,000
Est. payment | /mo
6.79 Acres Lot
$ 3,250,000
Est. payment | /mo
6.79 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Eighty One William Cannon Join
MLS Listing ID 628161
Construction Status Resale
HOA Y/N No
Lot Size 6.790 Acres
Acres 6.79
Property Sub-Type Commercial
Property Description
This 11.63-acre suburban infill development opportunity is strategically positioned along E. William Cannon Drive, approximately 2,000 feet east of Interstate 35 in the high-growth South Austin submarket. The offering consists of two contiguous parcels: 2008 E. William Cannon Drive (6.79 gross acres) and 1814 Nelms Drive (4.88 gross acres), providing a rare dual-access configuration that combines commercial arterial visibility with quiet residential ingress and egress via the Nelms Drive cul-de-sac. Comprehensive civil engineering feasibility and site planning completed by MIGL Engineering demonstrate an optimized 8.86-acre net developable footprint designed specifically for Class A multifamily density. Utilizing an MF-4 rezoning framework, draft site concepts establish a high-yield potential ranging from 171 to 215 residential units across 300,000 to 381,000 square feet of gross floor area. The engineered layouts accommodate building heights up to 58 feet while integrating flexible double-podium, tuck-under, and surface parking structures. The site is substantially de-risked by existing utility connectivity, featuring a 10-inch ductile iron wastewater main on-site and 12-inch water mains along both street frontages. Furthermore, the tract leverages an existing regional water quality and detention facility serving the drainage basin, saving millions in upfront site work. Capitalizing on the City of Austin's elimination of municipal minimum parking requirements, a buyer can maximize buildable density and capital efficiency in one of Austin's most accessible multifamily corridors.
Location
State TX
County Travis
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
Community Features None
Utilities Available Underground Utilities
Amenities Available None
View Y/N No
Water Access Desc Public
View None
Accessibility None
Building
Entry Level None
Foundation None
Sewer Public Sewer
Water Public
Level or Stories None
Construction Status Resale
Schools
School District Austin Isd
Others
Tax ID 336595
Listed by Scott Gustafson • Redfin Corporation
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