Commercial Land with Transit Corridor
For Sale
$1,049,990
1800 E Martin Luther King Jr BLVD, Austin, TX 78702
Flat, easy-to-build commercial land in Austin’s MLK transit corridor near UT, hospitals, and multiple bus stops.
Property SizeContact for details
Days on Market926
Property Features for 1800 E Martin Luther King Jr BLVD
General Information
Standard status
Active
Property subtype
Single Lot
Listing Agency:
Compass RE Texas, LLC
(512) 913-7480
Listed By:
Jeffrey Schnabel · License #0550827
Source:
Teamwestre
Added: Jan 21, 2024
Changed: Jul 31
Last Checked: Aug 3 at 11:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass RE Texas, LLC
Investment Insights
Based on property information with market context.
This commercial land site on Austin’s MLK transit corridor offers development flexibility for mixed-use planning. The property is a flat, easy-build lot with no significant tree issues, and it is positioned for downtown views from the south end of the lot, especially from upper floors. With City of Austin zoning updates, the site is described as supporting up to a 60' building height and over 20,000 SF of rentable square footage.
The proposed concept is retail or restaurant use on the first floor with residential use on the upper 4 floors. The remarks also describe an Affordability Unlock approach requiring only 10% of the unit count to be in the Affordable category, with total residential unit SF of over 17,000 SF and 24 or more units. Retail space is described as supporting over 3,000 SF, and onsite parking is stated as not required except for ADA.
The MLK corridor is described as having 4 lanes with planned 20' widening and 5 bus stops within 1 block. The site is within walking distance to UT Austin and multiple medical destinations, with references including Dell Medical School and nearby hospitals, plus the UT campus and UT Moody Center within several blocks.
The proposed concept is retail or restaurant use on the first floor with residential use on the upper 4 floors. The remarks also describe an Affordability Unlock approach requiring only 10% of the unit count to be in the Affordable category, with total residential unit SF of over 17,000 SF and 24 or more units. Retail space is described as supporting over 3,000 SF, and onsite parking is stated as not required except for ADA.
The MLK corridor is described as having 4 lanes with planned 20' widening and 5 bus stops within 1 block. The site is within walking distance to UT Austin and multiple medical destinations, with references including Dell Medical School and nearby hospitals, plus the UT campus and UT Moody Center within several blocks.
Key Highlights
- Up to 60' building height described under City of Austin zoning updates
- Over 20,000 SF of rentable space described for the site
- Retail/restaurant on the first floor with residential on the upper 4 floors
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
Explore this area
Business Placement
Demographics for 78702, TX
25,910
Population
14,573
Households
1.8
Avg Household Size
34
Median Age
59%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
5,182
Density / Sq Mi
$101,304
Median Household Income
$65,876
Median Earnings
$1,966
Median Rent
$644,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Flat, easy-to-build commercial land in Austin’s MLK transit corridor near UT, hospitals, and multiple bus stops.
Where is this commercial land located?
The property is located at 1800 E Martin Luther King Jr BLVD Austin, TX.
What is the asking price?
The asking price for this property is $1,049,990.
What are key features of this property?
This property features: Up to 60' building height described under City of Austin zoning updates; Over 20,000 SF of rentable space described for the site; Retail/restaurant on the first floor with residential on the upper 4 floors
