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    8501 1St St Austin, TX 78748

    Sponsored
    For Sale
    Contact for pricing

    Prime multi-family development land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 7.45-acre residential land parcel presents a remarkable multi-family development opportunity in South Austin, Texas. Located at 8501 S 1st St, Austin, TX 78748, this property boasts convenient access to major thoroughfares, including I-35 (less than a mile west, with direct access via Slaughter Lane), SH-71 (4 miles southwest), Loop 360/US-290 (4 miles south), Mopac (4.5 miles east), TX-45 (4.5 miles north), US-183 (6 miles west), and TX-130 (8 miles west). Its strategic location offers quick commutes to key areas, including Sunset Valley/Arbor Trails (12 minutes), Austin-Bergstrom International Airport (ABIA) (15 minutes), South Congress (SoCo) (15 minutes), Buda (15 minutes), and Downtown Austin (18 minutes). The property is zoned GR-MU-V-DB90 and its proximity to Southpark Meadows, a large mixed-use shopping center featuring a recently added 126,000 sq ft HEB, further enhances its desirability. The ongoing I-35 Capital Express South project, slated for completion by 2028, will significantly improve traffic flow in the area, adding value to this already prime location. The APN is 0428110102. This is an unparalleled chance to capitalize on Austin's thriving real estate market. The property's size and location make it ideal for a substantial multi-family development project.

    Property Features for 8501 1St St

    General Information

    Property type
    Land
    Lot Size
    324,522 SF

    HighLights

    • 7.45‑acre residential land parcel in Austin, TX.
    • Zoned GR‑MU‑V‑DB90, suitable for multi‑family development.
    • Located less than one mile from Southpark Meadows mixed‑use center, including a new HEB.
    • Excellent access to I‑35, Slaughter Lane, and other major thoroughfares.
    • Close proximity to Austin‑Bergstrom International Airport (ABIA), Downtown Austin, and South Congress (SoCo).
    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 Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.795293581654
    Latitude
    30.17732608106

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    FAQs

    What type of property is this?
    Land - Prime multi-family development land.
    Where is this land located?
    The property is located at 8501 1St St Austin, TX.
    What are key features of this property?
    This property features: 7.45-acre residential land parcel in Austin, TX.; Zoned GR-MU-V-DB90, suitable for multi-family development.; Located less than one mile from Southpark Meadows mixed-use center, including a new HEB.
    (512) 575-5125
    Request Owner's contact information
    8501 1St St Austin, TX 78748
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    Austin, TX 78748
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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
    8501 1St St Austin, TX 78748
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