0 Highway 290 Austin, TX 78724-2413
This 1.12-acre commercial land parcel in Austin, Texas (APN: 02292801030000), boasts 207 feet of frontage on Highway 290, providing exceptional visibility and accessibility. The property includes one Texas Department of Transportation (TXDOT) approved curb cut, ensuring convenient ingress and egress. Currently zoned for commercial use, this site is ideally suited for a variety of businesses, including coffee shops or quick-service restaurants. City plans have been approved for an entertainment-based building complex, presenting a significant opportunity for future development. The property features a pre-existing dome structure on a concrete slab, potentially suitable for an entertainment venue. Infrastructure improvements are underway, with water and sewer services currently being installed. Shared access to a neighboring hotel is also available. This high-traffic location offers significant potential for any new business seeking a prominent Austin presence. The asking price is $650,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.