320 W William Cannon DR
Austin, TX, 78745
$2,250,000
Beds
0 Baths
0 SqFt
1.12 Acres
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MLS #2479764 image #0
CS-MU-CO-NP zoned and ready for what’s next. The CS base is one of Austin’s broadest commercial designations, opening the door to an exceptional range of by-right uses — restaurant and food service, retail, medical and professional office, personal services, financial services, food sales, and more. The Mixed Use overlay layers residential on top, allowing multifamily, condominium, townhouse, or mixed-use development on the same site. The property was previously permitted for restaurant use and retains an existing grease trap on site — a head start for any food and beverage operator. Not in a flood zone, no creek buffer, no major environmental constraints, and the city has confirmed strong building coverage and FAR potential — a clean path forward for a wide range of commercial or mixed-use visions.

4,800 SF freestanding on 1.12 acres with about 65 paved parking spaces and a lot-to-building ratio that gives a new owner real flexibility. Hard corner at a signalized intersection on W William Cannon Drive — one of South Austin’s most heavily traveled corridors — the site benefits from exceptional frontage, strong daily traffic counts, easy ingress/egress, and visibility that is billboard-grade.

Repurpose the existing improvements, expand the current footprint, or pursue a more substantial redevelopment play. Signalized corner sites with this level of zoning flexibility, parking, visibility, and land size rarely trade at this price point in South Austin.

Contact listing agent today for questions and a private tour!
Listing Provided Courtesy of Compass RE Texas, LLC

Property Details

Price:
$2,250,000
MLS #:
2479764
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Subdivision:
Southridge Plaza
Listed Date:
May 27, 2026
Total Sq Ft:
4,800
Lot Size:
48,739 sqft / 1.12 acres (approx)
Year Built:
1987
Southridge PlazaNone

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Schools

Interior

Cooling
Central Air
Flooring
Carpet, Laminate, Tile
Heating
Central

Exterior

Accessibility Features
Accessible Approach with Ramp, Customized Wheelchair Accessible
Building Features
See Remarks, Appliances, Fixtures, Private Restrooms, Receptions Room, Storage Area(s)
Other Structures
None
Parking Features
On Site, Parking Lot, Paved
View
None

Financial

Taxes
$33,787

Map

Community

Subdivisions in Austin

Market Summary

Current real estate data for Commercial in Austin as of Jun 20, 2026
205
Commercial Listed
292
Avg DOM
$1,766,527
Avg List Price

Property Summary

    Located in the Southridge Plaza subdivision, 320 W William Cannon DR Austin TX is a Commercial for sale in Austin, TX, 78745. It is listed for $2,250,000 To schedule a showing of MLS#2479764 at 320 W William Cannon DR in Austin, TX, contact your Stripe Realty agent at 512-439-2122.

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