700 & 604 Corral LN, Austin, TX 78745 - MLS#9528461

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Spencer Wheelwright

[email protected] +1(512) 944-8553

$1,700,000

Est. payment - /mo

3,881 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type See Remarks

Listing Status Active

Purchase Type For Sale

Square Footage 3,881 sqft

Price per Sqft $438

Subdivision Circle S Ridge Sec 01

MLS Listing ID 9528461

Year Built 1959

Annual Tax Amount $11,703

Tax Year 2025

Lot Size 2.010 Acres

Acres 2.01

Property Sub-Type See Remarks

Source actris

Property Description

Ideal HOME / HOME2 development site. 2.01+/- acre assemblage of two 1 ac city lots, ideal for entry level build for sale or build for rent HOME 2 development. Feasibility study by LLVLL Design / Build projects 31 units @ 1650 sqft / ea under the new code for over 51,000 buildable sqft, or around $35/sqft land cost. Arborist indicates all existing trees can be removed. By leveraging the small site & 1650 sqft min/ unit provision of HOME 2 you can extract over 90% FAR per site based on preliminary site plan. At 31 sites land cost is less than $60,000 per unit. One of both of the existing homes could be saved / renovated/ flipped to substantially lower the cost basis of the land $/ unit land cost, or leveraged as interim income. Other uses possible under SF2 to leverage improved access and traffic counts related to the ongoing TXDOT I-35 Capital Express South project with easy access from both directions and a 2023 daily traffic count of over 190,000. Buyers to do all their own due diligence. Properties to be sold together. Contact LA for more information.

Location

State TX

County Travis

Zoning SF-2, HOME & HOME2 compa

Interior

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

View None

Total Parking Spaces 10

Building

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

New Construction No

Others

Special Listing Condition Standard

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Listed by Texas Ally Real Estate Group

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Spencer Wheelwright

+1(512) 944-8553

Broker Associate | License ID: 667574

Broker Associate License ID: 667574

700 & 604 Corral LN Austin, TX 78745

Spencer Wheelwright

Key Details

Location

Interior

Exterior

Building

Others

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