1221 S Interstate 35 Freeway, Austin TX, 78741
(Active)
$1,850,000
|
28,965 sqft
|
MLS# 6940715
Last Updated: 5/14/2024 2:20 PM
Description for
1221 S Interstate 35 Freeway
Austin, TX 78741
The property consist of three tax parcels (lots). 200 ft. frontage on the service road on the lower level and being approximately 16,200 sq. ft. of level surface with 1188 sq. ft. that can be renovated or torn down for new development. Upper portion of property that is above the green retaining wall accessed by Lupine street above. Those lots are total of 13,661 sq. ft. by survey. The upper lots are zoned SF-3 and the lower level zoned Commercial/LR. Buyer can redevelop the property and build a 3-5 story mixed use building with outstanding views of downtown city skyline. Tract is served by all utilities. Electricity, water, wastewater, telephone, natural gas and internet and cable. See aerial views from drone shots made of area. The view cannot be blocked in the future from any developments since no properties exist for development between this site and downtown. City owns only lot at NW corner at Riverside Dr. and IH 35 they converted it to dog park so will never be developed. It is the only site that could block the view from this subject property to city. Total Sq. footage of site on both levels is 28,865 sq. feet.
Price
$1,850,000
Parkinson Lela
Travis
28,965 (approx)
6940715
Active
Description
The property consist of three tax parcels (lots). 200 ft. frontage on the service road on the lower level and being approximately 16,200 sq. ft. of level surface with 1188 sq. ft. that can be renovated or torn down for new development. Upper portion of property that is above the green retaining wall accessed by Lupine street above. Those lots are total of 13,661 sq. ft. by survey. The upper lots are zoned SF-3 and the lower level zoned Commercial/LR. Buyer can redevelop the property and build a 3-5 story mixed use building with outstanding views of downtown city skyline. Tract is served by all utilities. Electricity, water, wastewater, telephone, natural gas and internet and cable. See aerial views from drone shots made of area. The view cannot be blocked in the future from any developments since no properties exist for development between this site and downtown. City owns only lot at NW corner at Riverside Dr. and IH 35 they converted it to dog park so will never be developed. It is the only site that could block the view from this subject property to city. Total Sq. footage of site on both levels is 28,865 sq. feet.
Listing Information
| Property Type: Business Opportunities, Other | ||
| 0.35 Acres | 28,965 (approx) | 1964 |
| Other | ||
Parkinson Lela
Slab
Public
Public Sewer
Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Connected, See Remarks
Commercial, Vacant, See Remarks
Neighborhood
Room Information
Interior Features
None
Other,
None
Exterior / Lot Features
20 Parking Spaces,
Asphalt, Concrete, Direct Access, Gated, See Remarks
Other
City, City
property is zoned commercial /LR commercial on the
Level
Driving Directions
Exit riverside drive exit coming downtown from the south. Look to right immediately then pull in front of guard rail in front of property. Coming from the north cross the river bridge and take exit for Woodland Ave and circle back under IH 35 going east on Woodland Dr and left on the service road on IH35 then south to property on right.
Financial Considerations
| 03020602380000 |
| $10,366 |
Cash, Conventional
Listing Price History
Austin Real Estate
Austin is located in Texas. Austin, Texas 78741 has a population of 986,248.
The median household income in Austin, Texas 78741 is $51,544. The median household income for the surrounding county is $83,177 compared to the national median of $66,222. The median age of people living in Austin 78741 is 36 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 2/1/2024 | Active | $1,850,000 USD |
|