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    8423 State Hwy 71 Austin, TX 78735

    Sponsored
    For Sale
    $950,000

    2-Acre Hwy 71 Lot, $950K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 2-acre commercial land parcel in Austin, Texas, presents a rare investment opportunity. Located at 8423 State Hwy 71, Travis County, zip code 78735 (30.247243, -97.890521), this property boasts over 250 feet of frontage on Hwy 71, a location poised for significant future development. The land is zoned LO, permitting a variety of uses, subject to Austin city regulations and permitting requirements. Prospective buyers should conduct a Vested Rights Verification to determine grandfather impervious coverage. The property's unique location offers unmatched visibility and is priced to sell. While the site is subject to water restrictions, its potential for diverse development makes it a highly desirable asset. This is a truly unique opportunity to acquire a strategically positioned commercial lot at the terminus of the new Hwy 71 extension. Serious inquiries are encouraged. All offers will be considered. The property is offered for sale by owner.

    Property Features for 8423 State Hwy 71

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Exceptional opportunity: New Hwy 71 terminus location.
    • High‑traffic counts anticipated due to Hwy 71 terminus.
    • Significant development potential given Hwy 71 proximity.
    • Prime location for retail, commercial, or mixed‑use development.
    • Strong ROI potential due to highway access and development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.890521
    Latitude
    30.247243

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    FAQs

    What type of property is this?
    Land - 2-Acre Hwy 71 Lot, $950K
    Where is this land located?
    The property is located at 8423 State Hwy 71 Austin, TX.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Exceptional opportunity: New Hwy 71 terminus location.; High-traffic counts anticipated due to Hwy 71 terminus.; Significant development potential given Hwy 71 proximity.
    (512) 366-7894
    Request Owner's contact information
    8423 State Hwy 71 Austin, TX 78735
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    Austin, TX 78735
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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
    8423 State Hwy 71 Austin, TX 78735
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