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    4409 Banister Ln Austin, TX 78745

    For Sale
    $619,000

    Prime location, dual residential potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 0.24-acre lot, situated at 4409 Banister Ln in Austin, Texas, presents a unique opportunity for development. Zoned R-3, the property allows for up to three residential units (buyer to verify). Its prime South/Downtown Austin location offers unparalleled convenience, with proximity to the University of Texas, the city's vibrant downtown core, and Austin-Bergstrom International Airport. The lot's dimensions measure approximately 50 feet by 205 feet. To facilitate the building process, complete build plans for a dual residential structure are available from the seller, serving as a valuable resource and inspiration for potential projects. While some permits may require updating, a comprehensive planning report detailing city regulations, utility specifications, and permitting information is included for thorough due diligence. This rare find is one of the few remaining build-ready lots in the desirable South Manchaca area, making it an exceptional investment opportunity for discerning developers and builders seeking a prime location in a thriving Austin neighborhood. The asking price for this exceptional property is $619,000. Act quickly, as opportunities like this are seldom available.

    Property Features for 4409 Banister Ln

    General Information

    Property type
    Other commercial real estate
    Lot Size
    10,454 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.78082
    Latitude
    30.22483

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, dual residential potential.
    Where is this commercial real estate located?
    The property is located at 4409 Banister Ln Austin, TX.
    What is the asking price?
    The asking price for this property is $619,000.
    (512) 868-1771
    Request Owner's contact information
    4409 Banister Ln Austin, TX 78745
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4409 Banister Ln Austin, TX 78745
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