2103 Nueces St Austin, TX 78705

This multifamily development site is available for sale through bankruptcy court. Located in the heart of the University of Texas at Austin’s downtown campus, the property benefits from Austin’s rapid population growth and immediate access to major thoroughfares. It presents opportunities for multifamily residential or student housing. The site is located within the West Campus neighborhood of Austin, also known as Wampus, which is home to many students attending the University of Texas at Austin (UT Austin). UT Austin is a research university with over 52,000 students and 3,000 teaching faculty. The school was ranked 32nd among all universities in the U.S. and 9th among public universities according to U.S. News & World Report’s 2024 rankings. Internationally, UT Austin was ranked 43rd in the 2023 “Best Global Universities” ranking by U.S. News & World Report, and 43rd in the world by Academic Ranking of World Universities in 2023. UT Austin increased enrollment by 893 students from fall 2022 to fall 2023. There is potential for multifamily or student housing development with proposed construction of 390 residential units. The area has strong demographics, including 0.5% annual population growth and an average household income of $158,883 within a 3-mile radius. The site is convenient to major roadways including I-35, Mopac Expy (Loop 1), Hwy 183, and Hwy 290.