700 N Cuernavaca Dr Austin, TX 78733
This exceptional 1.93-acre commercial land parcel presents a rare development opportunity in Austin, Texas's affluent West Lake corridor. Located at 700 N Cuernavaca Dr, in the 78733 zip code, this property boasts a prime location with frontage on Cuernavaca Drive, offering convenient access to downtown Austin while maintaining a desirable suburban setting. Currently occupied by a gas station and coffee shop, the site is zoned CS-CO-MU-NP, allowing for diverse commercial development options. The property comprises five parcels totaling approximately 1.93 acres, making it one of the largest available commercial sites in the area. Surrounded by a thriving residential community, with over 8,743 units within a 3-mile radius and an average home price exceeding $686,750, this location offers significant potential for high returns. The area's demographics are highly favorable, with an average household income exceeding $237,320 within a 5-mile radius. This represents a last chance to acquire a development site of this size in this highly sought-after West Austin submarket. The existing tenants provide immediate income potential while allowing for future redevelopment plans. This is a truly unique opportunity to capitalize on the robust growth and high demand in one of Austin's most affluent neighborhoods.
-
Halalicious Restaurant
-
Primo Water Refill Big Box & Wholesale Store
-
Orlandi Valuta Bank Credit Union
-
Amazon Locker - Florencia Courier Service Postal Service
-
ATM (Neighborhood Store) Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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.