914 Shady Ln Austin, TX 78702

Property Details for 914 Shady Ln

Lot size

4.14 lot acres

Property type

Commercial real estate

APN

190005

Description

This exceptional 4.138-acre commercial land parcel in Austin, Texas (78702 zip code), presents a unique redevelopment opportunity. Located in an Opportunity Zone, this property offers significant tax advantages. The site is zoned LR-MU and SF-6, allowing for diverse uses including short-term rentals, townhomes, residential, retail, and restaurants. The land is comprised of three distinct tracts: Tract 1 (1.71 acres), Tract 2A (1.27 acres), and Tract 2B (1.15 acres), providing flexibility for various development scenarios. Its prime East Austin location, near Justine's and Central Machine Works, ensures high visibility and desirability. The property's proximity to Boggy Creek and the Anita Ferrales Coy Facility adds to its unique character. A completed zoning change and conceptual site plan are in place, streamlining the development process. The updated 2023 floodplain designation is available. The City of Austin's code provides a density bonus, further enhancing the property's value. This infill location offers exceptional potential for a mixed-use development, maximizing affordability and density. The price per acre ranges from $1,815,980 to $3,000,000. The property's APN is 190005 and is held in fee simple ownership. This is a rare opportunity to capitalize on Austin's thriving real estate market.