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Residential Development Land Opportunity
For Sale
$780,000

1005 East 8th Street, Austin, TX 78702

Residential land with additional alley access and a fire-damaged structure needing buyer due diligence.

Property SizeContact for details
Days on Market118

Property Features for 1005 East 8th Street

General Information

Standard status Active
Property subtype Land / Unimproved Land
Zoning MF-3

Taxes and HOA fees

Annual Taxes $16,778
Listing Agency: van Heuven Properties
Listed By: Tim Grondin · License #0578826
Source: Compass
Added: Apr 18 Changed: Aug 8 Last Checked: May 8 at 1:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of van Heuven Properties

Investment Insights

Based on property information with market context.

This is a residential land parcel in the French Legation neighborhood that can be renovated or redeveloped, subject to MF-3 zoning restrictions described for the lot. The property includes additional alley access, and the stated development limits include a maximum of 7,446 buildable square feet, maximum building height of 40 feet, maximum building coverage of 55%, maximum impervious cover of 65%, and maximum floor area ratio of 75%. Photos in the materials show views from approximately 40 feet, consistent with the maximum height.

A structure on-site has substantial fire damage, and the seller makes no warranty regarding habitability or soundness. Buyers are directed to complete their own diligence regarding the condition of existing improvements.

The property is offered for sale with development parameters provided in the remarks for buyers evaluating renovation versus new construction within the MF-3 framework.

Key Highlights

  • Residential land in the French Legation neighborhood with additional alley access
  • Zoned MF‑3 with reduced development restrictions compared to adjacent lots
  • Maximum 7,446 buildable SF; max height 40 ft

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Electrical Service Locksmith Building Supply (Bike/Boat/Book/etc) Store Butcher Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,670
Businesses Nearby

Demographics for 78702, TX

25,910
Population
14,573
Households
1.8
Avg Household Size
34
Median Age
59%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
5,182
Density / Sq Mi
$101,304
Median Household Income
$65,876
Median Earnings
$1,966
Median Rent
$644,200
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Residential land with additional alley access and a fire-damaged structure needing buyer due diligence.
Where is this residential land & home lot located?
The property is located at 1005 East 8th Street Austin, TX.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Residential land in the French Legation neighborhood with additional alley access; Zoned MF‑3 with reduced development restrictions compared to adjacent lots; Maximum 7,446 buildable SF; max height 40 ft
More about this property
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