Building Details

Year Built 1958

Year Renovated 2019

Buildings 3

Stories 1

Units 5

Listing Agency: REspace LLC T***@REgroupUS.com Show Phone

Listed By: Tony Lazarov · License #TX 9005423

Source: Crexi

Added: Jul 26, 2024 Changed: Aug 8 Last Checked: Aug 8 at 4:34AM

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Investment Insights

Based on property information with market context.

This 0.56-acre property, located in Austin, Texas, presents a redevelopment opportunity. The site is zoned MF-3, making it suitable for multifamily development. The property features 24,477 square feet of flat land, which may reduce site preparation efforts. The site has few trees.

Key Highlights

• Prime redevelopment opportunity in a vibrant Austin neighborhood.
• Zoned MF‑3, ideal for multifamily development.
• Large 0.56‑acre property.

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Computer & Electronic Repair Locksmith Food Market Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,387

Businesses Nearby

Explore this area Business Placement

Demographics for 78751, TX

17,071

Population

9,966

Households

1.7

Avg Household Size

30

Median Age

77%

College-Educated

98%

High-School Grad

2.4 sq mi

ZIP Area

7,113

Density / Sq Mi

$81,657

Median Household Income

$53,330

Median Earnings

$1,627

Median Rent

$700,500

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this residential land & home lots located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - 0.56-acre property zoned MF-3, ideal for multifamily development.

Where is this residential land & home lot located?

The property is located at 611 Nelray Blvd Austin, TX.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: Prime redevelopment opportunity in a vibrant Austin neighborhood.; Zoned MF‑3, ideal for multifamily development.; Large 0.56‑acre property.