Homes for sale - 1221 S Interstate 35 FWY, Austin, TX 78741

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$ 1,850,000

Est. payment | -/mo

28,965 SqFt

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$ 1,850,000

Est. payment | -/mo

Save Virtual Tour

28,965 SqFt

Key Details

Property Type Commercial

Sub Type See Remarks

Listing Status Active

Purchase Type For Sale

Square Footage 28,965 sqft

Price per Sqft $63

Subdivision Parkinson Lela

MLS Listing ID 6940715

Originating Board actris

Year Built 1964

Annual Tax Amount $10,365

Tax Year 2024

Lot Size 0.352 Acres

Property Description

The property consist of three tax parcels (lots). 200 ft. frontage on the service road on the lower level and being approximately 16,200 sq. ft. of level surface with 1188 sq. ft. that can be renovated or torn down for new development. Upper portion of property that is above the green retaining wall accessed by Lupine street above. Those lots are total of 13,661 sq. ft. by survey. The upper lots are zoned SF-3 and the lower level zoned Commercial/LR. Buyer can redevelop the property and build a 3-5 story mixed use building with outstanding views of downtown city skyline. Tract is served by all utilities. Electricity, water, wastewater, telephone, natural gas and internet and cable. See aerial views from drone shots made of area. The view cannot be blocked in the future from any developments since no properties exist for development between this site and downtown. City owns only lot at NW corner at Riverside Dr. and IH 35 they converted it to dog park so will never be developed. It is the only site that could block the view from this subject property to city. Total Sq. footage of site on both levels is 28,865 sq. feet.

Location

State TX

County Travis

Zoning property is zoned commercial /LR commercial on the frontage road and upper lots zone SF-3

Interior

Heating None

Cooling None

Fireplace N

Exterior

Utilities Available Electricity Connected, High Speed Internet, Natural Gas Available, Phone Available, Sewer Connected, Water Connected, See Remarks

View City, City Lights, See Remarks

Total Parking Spaces 20

Building

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type See Remarks

New Construction No

Others

Restrictions None

Acceptable Financing Cash, Committed Money, Conventional

Listing Terms Cash, Committed Money, Conventional

Special Listing Condition Standard

Listed by Austin Premium Property

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+1(855) 856-9466

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1221 S Interstate 35 FWY Austin, TX 78741