Property profile

2802 Oak Springs Dr Austin, TX 78702

OFF-MARKET
Land
0.69 ac lot
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Property summary

AI-generated overview

This exceptional 0.69-acre commercial land parcel presents a remarkable investment opportunity in Austin, Texas. Situated at 2802 Oak Springs Dr, in the rapidly expanding East Austin submarket, this property boasts a highly desirable CS-MU-V-NP zoning designation, opening doors to a variety of mixed-use and multi-family development projects. Its convenient location between IH 35 and Airport Blvd provides easy access to downtown Austin and surrounding areas. The 62,363 square foot lot is surrounded by thriving local amenities, including renowned restaurants like Franklin Barbecue and Jacoby's, breweries such as Zilker Brewing, popular coffee shops like Cuvée Coffee, major retailers such as Target and Whole Foods, the East Austin Hotel, and Austin Community College. This infill location offers unparalleled potential for developers seeking to capitalize on Austin's robust real estate market and vibrant community. The property's zoning allows for diverse development options, making it an attractive proposition for investors looking for significant returns. Detailed site plans and further information are available upon request. All interested parties are encouraged to conduct their own due diligence.

Property profile

Verified
Property type Land
Lot 0.69 ac (30,056 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2802 Oak Springs Dr Austin, TX 78702
Austin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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