320 W William Cannon Dr, Austin, TX 78745

This freestanding commercial site is currently permitted for restaurant use and retains an existing grease trap on site, providing a head start for food and beverage operators. The property is zoned CS-MU-CO-NP, with the base CS designation supporting a broad mix of by-right uses including restaurant and food service, retail, medical and professional office, personal services, and financial services, among others. A Mixed Use overlay allows multifamily, condominium, townhouse, or mixed-use development on the same site.

The property is not in a flood zone and has no creek buffer or major environmental constraints identified in the provided remarks. It features strong building coverage and confirmed FAR potential per the city. The site sits at a hard corner at a signalized intersection, offering prominent visibility and straightforward ingress/egress, and includes approximately 65 paved parking spaces.

For an owner or tenant, the existing improvements can be repurposed for food service or other allowed commercial uses, with the option to expand the current footprint. Alternatively, the zoning flexibility and land size support redevelopment into a broader commercial or mixed-use concept, subject to applicable approvals. The combination of parking, signalized-corner visibility, and broad-use zoning is designed to accommodate a range of plans for the next operator or ownership group.