$1,300,000
( )
 $6,979 forsale estimated payment Sourced by Back At You

1800 E Martin Luther King Jr Blvd , Austin, TX 78702

Austin, TX 78702

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Description

Awesome location in Austin's MLK transit corridor with easy access to downtown and UT. With the City of Austin's new zoning ordinances, this site will support a building height of up to 60' and over 20,000 SF of rentable square footage. Consider retail/restaurant space on the first floor and residential on the upper 4 floors. Utilizing Austin's Affordability Unlock requires only 10% of the unit count to be in the Affordable category. Total residential unit SF of over 17,000 SF, with 24 or more units. Ideal configurations would be studios, and 1 and 2 bedroom units given the area demographics. The first-floor area supports over 3,000 SF of retail/restaurant space. No onsite parking is required except for ADA. No significant tree issues, flat lot, easy build. South end of lot has VIEWS TO DOWNTOWN, especially from upper floor(s). MLK is a designated transit corridor with 4-lanes and planned 20’ widening, with 5 bus stops within 1 block, within walking distance to the UT @ Austin campus, 3 hospitals, the Dell Medical School, 3 Blocks East Of UT's Eastern Parking Lot. Great neighborhood with daily needs businesses on the same block (Sour Duck Bakery & Restaurant, JuiceLand, Shell, Austin Daily Press and the Wheel & Monarch Liquor). Just 4 blocks to the UT campus with the new UT Moody Center just 5 blocks away. Convenient to UT McCombs School Of Business (just 2 bus stops and 1.3 miles away). A short 25 min. walk to the Texas State Capitol Building Complex and 1/2 Mile From ST. David's Medical Center & Austin Lakes Hospital - Dell Seton Medical Center At The University Of Texas, Blackstock Family Health Center - Central Texas Medical Foundation Brackenridge Hospital - Seton Brain And Spine Institute Dell Children's Medical Center & The Heart Hospital Of Austin.Dell Children's Medical Center & The Heart Hospital Of Austin.

Details

Mls6327824
Listing TypeFor Sale
StyleSpecial Purpose
SubtypeResale
StatusActive
Year2024
Days On Site318
Listing Provided ByCompass RE Texas, LLC | Jeffrey Schnabel

Features

ZoningLO-MU-V-NP
Acreage0.14
Water FrontYes
Property ViewDowntown, See Remarks

Market Activity 78702

 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

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Listings Checked: 4 minutes ago
StateTX
CountyTravis
CityAustin
Zip Code78702
Area3
Community NameJohns C R
Listing VS Median (in Johns C R)
Price:
$1,300,000
low | high
Med:
$3,548
100% of Average
On Site:
318
low | high
Med:
133.000000
100% of Average
Sourced by Back At You
Listing Updated: November 26, 2024 at 5:04:03 AM PST