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    1800 Martin Luther King Jr Blvd Austin, TX 78702

    Sponsored
    For Sale
    $1,300,000

    Prime Austin development site, 6,216 sq ft.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 0.142-acre commercial land parcel, located at 1800 E Martin Luther King Jr Blvd in Austin, Texas, presents a remarkable development opportunity. Zoned LO-MU-V-NP with approved setback variances, this shovel-ready site boasts a previously approved plan for a five-story mixed-use building with over 20,000 square feet of potential development. The flat, 6,216 square foot corner lot offers alley access and presents minimal tree removal challenges, simplifying the construction process. South-facing portions of the lot provide views of the Austin skyline, particularly from upper floors. This location benefits from its designation as a transit corridor, featuring a four-lane road (with planned widening to 20 feet) and five bus stops within a single block. The property's proximity to the University of Texas at Austin campus, three hospitals, the Dell Medical School, and the Moody Center makes it highly desirable. Nearby amenities include Sour Duck Bakery, Juiceland, and other daily needs businesses. Furthermore, the site is conveniently located within walking distance of the UT campus, the Texas State Capitol, and several major medical facilities, including St. David's Medical Center and Dell Seton Medical Center. This property represents a unique chance to capitalize on Austin's thriving commercial real estate market in a high-demand location. The site plan is ready for immediate development.

    Property Features for 1800 Martin Luther King Jr Blvd

    General Information

    Property type
    Land
    Lot Size
    6,186 SF

    HighLights

    • 0.142‑acre commercial lot at 1800 E Martin Luther King Jr Blvd, Austin, TX.
    • LO‑MU‑V‑NP zoning with approved setback variances; shovel‑ready site.
    • 6,216 sq ft flat corner lot with alley access; minimal tree removal.
    • Approved plan for a five‑story, 20,000+ sq ft mixed‑use building.
    • High‑demand location near UT Austin, hospitals, Moody Center, and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7145152
    Latitude
    30.2603535

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    FAQs

    What type of property is this?
    Land - Prime Austin development site, 6,216 sq ft.
    Where is this land located?
    The property is located at 1800 Martin Luther King Jr Blvd Austin, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 0.142-acre commercial lot at 1800 E Martin Luther King Jr Blvd, Austin, TX.; LO-MU-V-NP zoning with approved setback variances; shovel-ready site.; 6,216 sq ft flat corner lot with alley access; minimal tree removal.
    Request Owner's contact information
    1800 Martin Luther King Jr Blvd Austin, TX 78702
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    Austin, TX 78702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1800 Martin Luther King Jr Blvd Austin, TX 78702
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