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    1509 Dessau Ridge Ln Austin, TX 78754

    Source: https://asterra.com
    For Sale
    Contact for pricing

    Prime Austin location, 2.15 acres, multi-family zoning.

    Property size:
    93,654 SF

    Description

    Added:
    Mar 27, 2025
    Days on Market:
    258
    This exceptional 2.15-acre development site in Northeast Austin presents a significant opportunity for residential infill. Located on 1509 Dessau Ridge Ln, Austin, TX 78754, the property is zoned MF3-CO and has already received approval for the construction of 77 multi-family units. The site's tree-free land offers immediate development potential, eliminating the need for extensive land clearing. Its strategic location provides convenient access to major transportation arteries, including Parmer Lane, I-35, and the 130 Tollway, ensuring easy commutes for future residents. Furthermore, its proximity to both an elementary and middle school enhances its appeal as a family-friendly residential development. While primarily suited for multi-family residential development, the property also presents potential for commercial or office uses. This makes it an ideal investment for developers seeking to capitalize on Austin's robust housing market and strong demand for residential units in a desirable, well-connected neighborhood. The property is available for sale or ground lease. The lot size is 2.15 acres.

    Property Features for 1509 Dessau Ridge Ln

    General Information

    Property type
    Other land
    Square Feet
    93,654 SF
    Elevators
    N/A
    Net Rentable
    93,654 SF
    Lot Size
    93,654 SF

    HighLights

    • 2.15‑acre Austin development site zoned MF3‑CO, approved for 77 multi‑family units.
    • Prime location near Parmer Lane, I‑35, and 130 Tollway for easy access.
    • Exceptional residential infill opportunity adjacent to elementary and middle schools.
    Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    State
    Texas
    Longitude
    -97.642629
    Latitude
    30.40049

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    FAQs

    What type of property is this?
    Land - Prime Austin location, 2.15 acres, multi-family zoning.
    Where is this land located?
    The property is located at 1509 Dessau Ridge Ln Austin, TX.
    What are key features of this property?
    This property features: 2.15-acre Austin development site zoned MF3-CO, approved for 77 multi-family units.; Prime location near Parmer Lane, I-35, and 130 Tollway for easy access.; Exceptional residential infill opportunity adjacent to elementary and middle schools.
    (512) 773-3705
    Request Owner's contact information
    1509 Dessau Ridge Ln Austin, TX 78754
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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
    1509 Dessau Ridge Ln Austin, TX 78754
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