1800 E Martin Luther King Jr Blvd Austin, TX 78702

Located in Austin's MLK transit corridor with convenient access to downtown and the University of Texas, this site benefits from the city's new zoning ordinances, allowing for a building height of up to 60 feet and over 20,000 square feet of rentable space. The property is suited for a mixed-use development, potentially featuring retail or restaurant space on the first floor and residential units on the upper four floors. Utilizing Austin's Affordability Unlock, only 10% of the unit count needs to be designated as affordable. The site can accommodate over 17,000 square feet of residential space, with 24 or more units. The area demographics suggest that studios, one-bedroom, and two-bedroom units would be ideal. The first floor can support over 3,000 square feet of retail or restaurant space. Onsite parking is required only for ADA compliance. The flat lot has no significant tree issues, ensuring an easy build. The south end of the lot offers views of downtown, particularly from the upper floors. MLK is a designated transit corridor with four lanes and a planned 20-foot widening, featuring five bus stops within one block. The property is within walking distance of the University of Texas at Austin campus, three hospitals, and the Dell Medical School, and is located three blocks east of UT's eastern parking lot. The neighborhood includes daily needs businesses such as Sour Duck Bakery & Restaurant, JuiceLand, Shell, Austin Daily Press, and the Wheel & Monarch Liquor. The UT Moody Center is just five blocks away, and the UT McCombs School Of Business is a short distance away. The Texas State Capitol Building Complex is a 25-minute walk away, and St. David's Medical Center & Austin Lakes Hospital - Dell Seton Medical Center At The University Of Texas, Blackstock Family Health Center - Central Texas Medical Foundation Brackenridge Hospital - Seton Brain And Spine Institute Dell Children's Medical Center & The Heart Hospital Of Austin are nearby.