This presents a unique opportunity to acquire both this property and the adjacent corner lot, totaling 4.96 acres of developable land in Austin, Texas. Situated along Old Bee Caves Road just northeast of Highway 71, after the highway division known as the "Y," this location is undergoing upgrades to the 290 and 71 corridor. The current zoning is LO-MU-CO-NP, and the property features three existing homes, two of which are used as residences and one is currently leased on a month-to-month basis for a business. Investors have the option to rent the property before redevelopment.Nestled in the West Oak Hill neighborhood and bordered by Williamson Creek, the property falls within the Barton Creek Overlay zone, with the rear portion located in the 100 and 500-year floodplains. Conveniently accessible via William Cannon Road, Southwest Parkway, Highway 71, Highway 290, Mopac, and 360, this property is strategically located 2.2 miles from AMD, 3.6 miles from NXP Semiconductors, and 11.6 miles from downtown Austin. Its proximity to the major highway interchange at the southwest corner of Austin allows for quick access to Bee Caves, San Antonio, and various areas of Austin.