1221 S Interstate 35 Freeway, Austin, TX 78741

$1,850,000
List Price
$1,850,000
Status
ACTIVE
MLS#
6940715
Days on Market
140
Lot Size
15,354
Area
Austin - Southeast

Property 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.

Additional Information

Taxes
$10,365
Tax Year
2024
Year Built
1964
Parking Spaces
20
Construction
See Remarks
Region
Austin - Southeast
View
City
Sewer
Public Sewer
Street Name
S Interstate 35 Freeway
Street Number
1221
Neighborhood
Parkinson Lela
Water
Public
Acres
0.35
County
Travis
Heating
None

Mortgage Calculator

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Listing courtesy of Austin Premium Property. Contact: (512) 320-8040

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