5525 51St St Austin, TX 78723
- Commercial real estate
- 4.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5525 51St St
- Lot size
- 4.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 4-acre development site, located at 5525 E 51st St in Austin, Texas, presents a compelling investment opportunity. Zoned CS-MU-V-CO-NP, this property allows for a maximum building height of 60 feet and a 2:1 floor area ratio. Situated in the rapidly growing Pecan Springs/Springdale Hills neighborhood along the US-183 corridor, this location benefits from proximity to the thriving Mueller neighborhood, Downtown Austin, and Austin-Bergstrom International Airport. The site's strategic location within a dynamic area experiencing significant growth in office, retail, and multifamily developments makes it an ideal platform for a substantial multifamily project. The existing zoning provides flexibility for a large-scale development, accommodating a substantial number of residential units. This 308-unit apartment building presents a rare chance to capitalize on Austin's robust real estate market and contribute to the ongoing expansion of this vibrant community. The property's substantial size and prime location offer significant potential for long-term value appreciation and strong rental income. Travis County location and 78723 zip code.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.666128
- Latitude
- 30.292373
