3506 Tom Green St, Unit 1 Austin, TX 78705
Property Features for 3506 Tom Green St
General Information
- Lot size
- 0.14 Acres
Building Details
- Year built
- 1928
Source:
Elliman
Listing Agent: Edwin Kirkpatrick
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
North University Redevelopment Opportunity
This property presents a redevelopment opportunity in the North University/Hyde Park neighborhood, near the University of Texas. The city permits single-stair, five-story multifamily construction. The total lot size is 6.048 square feet. Air rights constitute 51% of the total area of Unit 1 and Unit 2, according to condominium documents. A density bonus allows for building heights up to 70 feet, factoring in compatibility and NCCD (Neighborhood Conservation Combining District) regulations. This infill opportunity benefits from the recently approved DB-ETOD (Density Bonus-Equitable Transit Overlay District) zoning overlay, offering no FAR (Floor Area Ratio), more lenient compatibility setbacks, generous building coverage, and fewer setback requirements. NCCD elements will apply, including one parking space per bedroom, based on recent consultations with the City of Austin. All information should be confirmed through the City of Austin.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Hays
- State
- Texas
- Longitude
- -97.7315875
- Latitude
- 30.2987549
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Redevelopment opportunity near UT with favorable zoning.
Where is this commercial land located?
The property is located at 3506 Tom Green St, Unit 1 Austin, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: - Redevelopment opportunity in desirable North University/Hyde Park neighborhood near UT.; - City allows five-story multifamily development with a single stair.; - Density Bonus allows building up to 70 feet in height.