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    517 Service Road Austin, TX 78701

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    For Sale
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    0.119-acre lot, Austin, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 0.119-acre commercial land parcel is situated at the highly visible corner of 6th and I-35 Service Road in Austin, Texas, zip code 78701. Located in Travis County, this property presents a unique opportunity for developers seeking a prime location for a mixed-use project. The site's strategic location offers unparalleled visibility and accessibility, making it ideal for a variety of commercial ventures. Potential uses could include ground-level retail space, complemented by upper-level office spaces, residential units, or even a boutique hotel. The innovative design possibilities allow for maximizing both commercial and residential utility within a vertical structure. This ambitious project requires further market research, feasibility studies, and a thorough understanding of zoning and land use regulations to ensure successful development. The property's size and location offer significant potential for value creation and growth, making it an attractive investment for discerning developers. The latitude and longitude coordinates are 30.2729209, -97.7443863 respectively. This is a truly exceptional opportunity to capitalize on Austin's thriving market.

    Property Features for 517 Service Road

    General Information

    Property type
    Land
    Lot Size
    5,184 SF

    HighLights

    • 0.119‑acre commercial land parcel available for development at the highly visible corner of 6th and I‑35 Service Road in Austin, TX (78701).
    • Mixed‑use development opportunity on a highly sought‑after .1192‑acre lot, ideal for a vertical structure maximizing commercial and residential space.
    • Ground‑level retail space with upper levels suitable for office space, residential units, or a boutique hotel.
    • Prime location offers excellent potential for value creation and growth through innovative design and efficient land use.
    • Further market research, feasibility studies, and understanding of zoning regulations are required for successful development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7443863
    Latitude
    30.2729209

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    FAQs

    What type of property is this?
    Land - 0.119-acre lot, Austin, TX
    Where is this land located?
    The property is located at 517 Service Road Austin, TX.
    What are key features of this property?
    This property features: 0.119-acre commercial land parcel available for development at the highly visible corner of 6th and I-35 Service Road in Austin, TX (78701).; Mixed-use development opportunity on a highly sought-after .1192-acre lot, ideal for a vertical structure maximizing commercial and residential space.; Ground-level retail space with upper levels suitable for office space, residential units, or a boutique hotel.
    Request Owner's contact information
    517 Service Road Austin, TX 78701
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    Austin, TX 78701
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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
    517 Service Road Austin, TX 78701
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