For Sale
Property summary
The property is a flat lot located in Austin’s MLK transit corridor, approximately three blocks east of The University of Texas at Austin’s eastern parking lot, within walking distance of the UT campus, Dell Medical School, and multiple nearby hospitals and medical centers, with additional access to the Texas State Capitol Building Complex (about a 25-minute walk) and the UT Moody Center (about five blocks). MLK is a designated transit corridor with four lanes and a planned 20-foot widening and includes five bus stops within one block, providing strong transit adjacency. The site is subject to Austin’s zoning provisions for the corridor, supporting up to a 60-foot building height and over 20,000 square feet of rentable space, and is suitable for mixed-use development. The development concept allows for first-floor retail or restaurant space exceeding 3,000 square feet and residential development on the upper four floors, with capacity for more than 17,000 square feet of residential space and 24 or more residential units. Parking requirements are limited to ADA compliance. The south end of the lot offers views of downtown, particularly from upper floors, and the lot conditions indicate no significant tree issues, facilitating development.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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