1018 Olympic Dr Pflugerville, TX 78660

Property Details for 1018 Olympic Dr

Lot size

10.34 lot acres

Property type

Commercial real estate

Description

This exceptional 10.34-acre commercial development parcel is ideally situated in Pflugerville, Texas, within the rapidly expanding Austin MSA. Located at the northwest corner of Immanuel Drive and Wells Branch Parkway, this property offers unparalleled access to SH-130 and major employers. The site is surrounded by approximately 1,500 existing single-family homes, with significant residential growth projected in the near future. Fully platted and ready for immediate development, this land boasts a fully approved site plan, permitting 192 multifamily units and 65,000 square feet of retail/commercial space, including a two-level parking deck. All utilities are available at the parcel, and a signed construction permit for offsite improvements is already in place. Upon closing, the buyer will inherit a complete set of approved plans, including the plat (upon collateral replacement), a Site Development Plan (SDP) permit with approved civil plans, fully approved public improvement plans, and a full drawing set. A building permit will be issued upon payment. While currently entitled for a mixed-use development, alternative uses may be explored subject to City of Pflugerville approval. This presents a unique opportunity for immediate ground-breaking on grading and public improvements. The property's prime location and comprehensive entitlements make it an exceptional investment prospect.