Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    5549 Mcneil Dr Austin, TX 78729

    Sponsored
    For Sale
    $2,150,000

    ±2.9 Acres, 106-Unit Approved Plan

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional ±2.902-acre commercial and residential land parcel presents a unique investment opportunity in Austin, Texas. Located at 5549 McNeil Drive in Travis County, zip code 78729, this property boasts an already approved site development plan for the construction of 106 multifamily units. The zoning designation is ETJ (Extraterritorial Jurisdiction), situated within a 2-mile radius of Austin city limits. The site's strategic location offers unparalleled convenience, directly across from McNeil High School and just 0.75 miles from the intersection of McNeil Drive and Parmer Lane. Enjoy easy access to major transportation arteries, including Loop 1 (MoPac Expressway) and Highway 183 (Research Boulevard), ensuring seamless connectivity throughout the Austin metropolitan area. The property benefits from its proximity to a robust employment base, with major employers such as Apple, Oracle, Cisco, eBay, and EA Sports located nearby, creating a strong demand for residential housing. This turnkey development opportunity allows for immediate commencement of construction, leveraging the existing approved site plan to expedite the project timeline and minimize pre-construction hurdles. The asking price for this prime Austin real estate is $2,150,000.

    Property Features for 5549 Mcneil Dr

    General Information

    Property type
    Land
    Lot Size
    126,411 SF

    HighLights

    • ±2.902‑acre development site with approved plans for a 106‑unit multifamily project.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.730189027137
    Latitude
    30.447602915149

    Nearby Similar for Sale

    • $575,000
      Pending

      Austin Duplex Near St. Edwards

      Duplex in South Austin near university, I-35, and downtown.
      1400 Saint Edwards Cir, Austin, TX 78704
      View Details
    • $3,486,706
      0.28 Acres

      Austin Condo Enclave Investment Opportunity

      Four newly constructed condos in South Central Austin.
      1500 2B, Austin, TX 78745
      View Details
    • $135,000
      306 SF

      Mixed-Use Condo in West Austin

      Commercial condo with utilities included, near Lake Travis.
      4229 324 Rd, Austin, TX 78732
      View Details
    • $179,000
      379 SF

      Austin Commercial Condo with Utilities

      Mixed-use condo with utilities, amenities, and lake views.
      4229 222 Rd, Austin, TX 78732
      View Details
    • $30,000
      2,600 SF

      Resort Home Fractional Share

      Fractional ownership in a resort home with high-end amenities.
      8212 Interest, Austin, TX 78735
      View Details
    • $325,000
      1,020 SF

      Updated Condo in Central Austin

      Updated 2-bedroom condo near UT campus and downtown Austin.
      2300 Hancock Dr, Austin, TX 78756
      View Details
    • $225,000

      Modern Condo in Crestview Neighborhood

      Charming 1 bed, 1 bath condo in North Austin.
      6324 N Lamar Blvd, Austin, TX 78752
      View Details
    • $4,500,000
      3,812 SF

      Historic Austin Property with Development Potential

      Historic property in West Campus with development and investment opportunities.
      2404 Rio Grande St, Austin, TX 78705
      View Details
    • $3,838,000

      Luxury Residence in The Modern

      Thoughtfully designed 3 bed, 3.5 bath residence with premium views.
      610 Davis St, Austin, TX 78701
      View Details
    • $438,000
      1,830 SF

      Updated Condo with Golf Views

      Updated condo with sunroom, golf course views, and convenient location.
      11310 Spicewood Club Dr, Austin, TX 78750
      View Details
    • $2,360,000
      3,772 SF

      Updated Home in Barton Creek

      Renovated home with scenic views, multiple living areas, and chef's kitchen.
      2305 Barton Creek Blvd, Austin, TX 78735
      View Details
    • $895,000
      1,742 SF

      Modern Oasis in Bouldin Neighborhood

      Modern, fully furnished home with luxury amenities and eco-conscious upgrades.
      2301 S 5Th St, Austin, TX 78704
      View Details

    FAQs

    What type of property is this?
    Land - ±2.9 Acres, 106-Unit Approved Plan
    Where is this land located?
    The property is located at 5549 Mcneil Dr Austin, TX.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: ±2.902-acre development site with approved plans for a 106-unit multifamily project.; ;
    (512) 637-6957
    Request Owner's contact information
    5549 Mcneil Dr Austin, TX 78729
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5549 Mcneil Dr
    Austin, TX 78729
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5549 Mcneil Dr Austin, TX 78729
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.