932 Gardner Rd Austin, TX 78721

Prime 0.59-acre corner lot in booming East Austin offers exceptional development potential. Building permits are in hand for a 12-unit condo project (23,026 sq ft), designed by Kipp Flores Architects, within a designated Opportunity Zone, providing significant tax advantages. This shovel-ready site is conveniently located 3 miles from downtown, near major transportation arteries, including Hwy 183 and toll 130, with easy access to ABIA and COTA. The GR-MU-NP zoning allows for diverse uses, including commercial, residential, multi-family, and hotel development. High market demand is evidenced by a 116% year-over-year increase in new condo closings, with average sales prices exceeding $720,000. Nearby developments include Trailhead/Trailhead East (530 units) and Libertad Austin (198 units). Owner financing is available with 50% down, a 6% interest-only loan, a two-year balloon payment, and no prepayment penalty. All feasibility studies, architectural plans, soil samples, and engineering reports are complete, significantly reducing project timelines. This exceptional opportunity combines prime location, entitled development plans, and attractive financing options. Detailed plans and documents are available upon request.