111 Mildred St Austin, TX 78702

Property Details for 111 Mildred St

Property size

1,400 SF

Property type

Commercial real estate

Description

This exceptional 1,400 square foot mixed-use property, located at 111-113 Mildred Street in Austin, Texas, 78702, presents a unique investment opportunity. Currently featuring two older homes on two lots, this property boasts 100% occupancy and is ideally situated in the vibrant Holly neighborhood, renowned for its hip, artistic, and cultural atmosphere. Recently approved for rezoning from R-1 to Mixed-Use (MU), this site offers significant development potential. The new zoning allows for the construction of a multi-story building, incorporating commercial space on the ground floor and residential units above. Its prime location provides easy access to Lady Bird Lake, a short walk or bike ride away, and is surrounded by a variety of local eateries, boutique shops, and the excitement of downtown Austin. This location is poised to attract a diverse range of residents, visitors, and businesses. The asking price is $1,195,000. This is a chance to contribute to the ongoing transformation of East Austin and capitalize on the area's remarkable growth and desirability. The property's proximity to Lady Bird Lake and the thriving Holly neighborhood, recognized as "one of the coolest neighborhoods in the world," ensures strong potential for a successful development project. This is a rare opportunity to build from the ground up and maximize the land's value in a highly sought-after location.