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Diane Hart Alexander, MBA, MHA

diane@alex.realestate +1(713) 591-9902

$ 1,175,000

Est. payment -/mo

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Price Dropped by $125K

1800 E Martin Luther King Jr BLVD Austin, TX 78702

6,216 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Site Planned

Listing Status Active

Purchase Type For Sale

Subdivision Johns C R

MLS Listing ID 6327824

Originating Board actris

Year Built 2024

Annual Tax Amount $8,393

Tax Year 2023

Lot Size 6,216 Sqft

Acres 0.1427

Property Sub-Type Site Planned

Property Description

Awesome location in Austin's MLK transit corridor with easy access to downtown and UT. With the City of Austin's new zoning ordinances, this site will support a building height of up to 60' and over 20,000 SF of rentable square footage. Consider retail/restaurant space on the first floor and residential on the upper 4 floors. Utilizing Austin's Affordability Unlock requires only 10% of the unit count to be in the Affordable category. Total residential unit SF of over 17,000 SF, with 24 or more units. Ideal configurations would be studios, and 1 and 2 bedroom units given the area demographics. The first-floor area supports over 3,000 SF of retail/restaurant space. No onsite parking is required except for ADA. No significant tree issues, flat lot, easy build. South end of lot has VIEWS TO DOWNTOWN, especially from upper floor(s). MLK is a designated transit corridor with 4-lanes and planned 20' widening, with 5 bus stops within 1 block, within walking distance to the UT @ Austin campus, 3 hospitals, the Dell Medical School, 3 Blocks East Of UT's Eastern Parking Lot. Great neighborhood with daily needs businesses on the same block (Sour Duck Bakery & Restaurant, JuiceLand, Shell, Austin Daily Press and the Wheel & Monarch Liquor). Just 4 blocks to the UT campus with the new UT Moody Center just 5 blocks away. Convenient to UT McCombs School Of Business (just 2 bus stops and 1.3 miles away). A short 25 min. walk to the Texas State Capitol Building Complex and 1/2 Mile From ST. David's Medical Center & Austin Lakes Hospital - Dell Seton Medical Center At The University Of Texas, Blackstock Family Health Center - Central Texas Medical Foundation Brackenridge Hospital - Seton Brain And Spine Institute Dell Children's Medical Center & The Heart Hospital Of Austin.Dell Children's Medical Center & The Heart Hospital Of Austin.

Location

State TX

County Travis

Zoning LO-MU-V-NP

Interior

Heating See Remarks

Cooling None

Flooring See Remarks

Fireplace N

Exterior

Utilities Available Above Ground, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

View Downtown, See Remarks

Accessibility None

Building

Foundation None

Sewer Public Sewer

Water Public

Structure Type Other

New Construction No

Others

Restrictions Zoning

Acceptable Financing Cash, Committed Money, Conventional

Tax Rate 1.8092

Listing Terms Cash, Committed Money, Conventional

Special Listing Condition Standard

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Listed by Compass RE Texas, LLC • Jeffrey Schnabel

Diane Hart Alexander, MBA, MHA

Chair, CEO, Broker | License ID: 565194

+1(713) 591-9902

Diane Hart Alexander, MBA, MHA

1800 E Martin Luther King Jr BLVD Austin, TX 78702

Key Details

Location

Interior

Exterior

Building

Others

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1800 E Martin Luther King Jr BLVD