417 Hackberry LnAustin, TX 78753

For Sale
$890,000

Prime Austin land, development potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This 1.26-acre lot at 417 Hackberry Ln, Austin, TX 78753, presents a unique investment opportunity. Currently zoned SF-3-NP, this property offers the potential for rezoning to GR-NP or MF-3-NP, opening possibilities for multifamily development. Located minutes from Highland and the University of Texas at Austin, this "diamond in the rough" boasts a desirable location. The land is priced at $890,000, translating to approximately $784,920 per acre. Importantly, there are no HOA fees, and the zoning permits duplex construction. Nearby, new duplexes are selling in the high $700,000s, indicating strong market demand. A survey is available. Note that a portion of the property lies within a floodplain area. This property is ideal for investors seeking a development project with significant upside potential in a thriving Austin neighborhood. Further details and marketing materials are available upon request.

Highlights

  • Minutes from Highland and UT Austin; "diamond in the rough" land.
  • Currently zoned SF-3-NP, with potential rezoning to GR-NP or MF-3-NP for multifamily.
  • No HOA; duplexes permitted; comparable new duplexes selling in the high $700,000s.
  • Partially located in a floodplain.

Property Details for 417 Hackberry Ln

Property type
Other land, Land
Lot Size (sq. ft)
54,886 SF

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.3591329
Longitude
-97.6905093
417 Hackberry Ln, Austin, Texas

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417 Hackberry Ln
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