7400 Mcangus Rd Del Valle, TX 78617
- Commercial real estate
- 42.99 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 7400 Mcangus Rd
- Lot size
- 42.99 lot acres
- Property type
- Commercial real estate
- APN
- 298994, 380330, 814149
Description
This exceptional offering presents three strategically located multifamily development sites totaling 42.99 acres in Del Valle, Texas, a rapidly growing suburb of Austin. Situated less than a mile east of TX-130, these sites provide unparalleled access to major employment centers and key attractions, including Austin-Bergstrom International Airport, the Tesla Gigafactory, and Circuit of the Americas. The properties are zoned MF-4, offering diverse development possibilities. Tract 1, encompassing 26.99 acres, has a conditional overlay permitting up to 212 units. Tracts 2 (8.27 acres) and 3 (7.73 acres) allow for 36-54 units per acre, depending on unit size. Permitted uses include garden-style multifamily, build-to-rent, townhomes, senior housing, and single-family residential. The sites benefit from their location within the Del Valle Independent School District, close to Popham Elementary, Del Valle Middle, and Del Valle High School. The Austin-Round Rock MSA experienced significant population growth (32% between 2019 and 2020), and market forecasts predict strong rent growth in suburban areas like Del Valle in 2024. This presents a compelling investment opportunity for developers seeking to capitalize on Austin's robust real estate market. Purchasers are responsible for conducting their own due diligence regarding zoning, allowable unit counts, and utilities. The asking price is $10,175,000. Individual tract pricing is available upon request.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Del Valle
- County
- Travis
- State
- Texas
- Longitude
- -97.64037643907
- Latitude
- 30.15299372624
