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3506 Tom Green St, Unit 1 Austin, TX 78705

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For Sale
$875,000

Redevelopment opportunity near UT with favorable zoning.

Lot size:
0.14 Acres

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

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

Location Insight

  • Map
  • Local Demand
City
Austin
County
Hays
State
Texas
Longitude
-97.7315875
Latitude
30.2987549

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.
More about this property
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