902 7Th StAustin, TX 78702

For Sale
$2,295,000

Prime Austin location, mixed-use potential.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional offering presents a rare opportunity to acquire two combined lots totaling 11,761.82 square feet in the heart of Austin's vibrant downtown, specifically within the Saltillo Transit-Oriented Development (TOD) zone. Located at 902 and 904 East 7th Street, this fee-simple property boasts stunning, unobstructed views of the Austin skyline. The TOD-NP zoning allows for significant mixed-use development potential, with heights potentially reaching up to 90 feet, minimizing parking requirements. Currently generating approximately $10,000 in monthly rental income from existing leases, this provides a buffer while development plans are finalized. The property's strategic location near I-35 and the city's hottest nightlife and shopping districts, coupled with the ongoing construction of several high-end developments in the immediate vicinity, ensures exceptional long-term growth potential. This is a unique chance to capitalize on Austin's booming real estate market and create a landmark project in a highly sought-after area. The asking price is $2,295,000, translating to $297.82 per square foot. This represents a significant opportunity for investors seeking a prime location with substantial upside potential in one of Texas's fastest-growing cities. The property is situated in Travis County, Austin, Texas, zip code 78702.

Highlights

  • Significantly reduced price for a fast sale.
  • Quarter-acre lot in Austin's Saltillo transit-oriented district.
  • Mixed-use development potential, up to 90 feet, with no parking requirements.
  • $10,000 annual rental income.
  • Surrounded by new, high-end developments.
  • Prime location benefiting from I-35 expansion and new rail lines.

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.266749444735
Longitude
-97.73274852864
902 7Th St, Austin, Texas

FAQs

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902 7Th St
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