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.
Property Details
Price:
$1,850,000
MLS #:
6940715
Status:
Active
Beds:
0
Baths:
0
Address:
1221 S Interstate 35 Freeway
Type:
Commercial
Subtype:
See Remarks
Subdivision:
Parkinson Lela
City:
Austin
Listed Date:
Feb 1, 2024
State:
TX
Finished Sq Ft:
28,965
ZIP:
78741
Lot Size:
15,355 sqft / 0.35 acres (approx)
Year Built:
1964
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
None
Heating
None
Exterior
Construction Materials
See Remarks
Other Structures
None, See Remarks
Parking Features
Asphalt, Concrete, Direct Access, Gated, See Remarks
Financial
Buyer Agent Compensation
3.000%
Taxes
$10,366
Map
Community
- Address1221 S Interstate 35 Freeway Austin TX
- CityAustin
- CountyTravis
- Zip Code78741
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1221 S Interstate 35 Freeway
Austin, TX
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