932 Gardner RdAustin, TX 78721

For Sale
$1,600,000

Shovel-ready, 12-unit condo potential

Overview

Added:
Dec 11, 2024
Days on market:
93
Prime 0.59-acre corner lot in booming East Austin offers exceptional development potential. Building permits are in hand for a 12-unit condo project (23,026 sq ft), designed by Kipp Flores Architects, within a designated Opportunity Zone, providing significant tax advantages. This shovel-ready site is conveniently located 3 miles from downtown, near major transportation arteries, including Hwy 183 and toll 130, with easy access to ABIA and COTA. The GR-MU-NP zoning allows for diverse uses, including commercial, residential, multi-family, and hotel development. High market demand is evidenced by a 116% year-over-year increase in new condo closings, with average sales prices exceeding $720,000. Nearby developments include Trailhead/Trailhead East (530 units) and Libertad Austin (198 units). Owner financing is available with 50% down, a 6% interest-only loan, a two-year balloon payment, and no prepayment penalty. All feasibility studies, architectural plans, soil samples, and engineering reports are complete, significantly reducing project timelines. This exceptional opportunity combines prime location, entitled development plans, and attractive financing options. Detailed plans and documents are available upon request.

Highlights

  • Entitled corner lot in East Austin with issued building permits.
  • 0.59-acre site, three miles from downtown Austin, near major transportation.
  • Located in a federal Opportunity Zone.
  • High demand: new condo sales up 116% year-over-year, averaging over $720,000.
  • Potential owner financing: 50% down, 6% interest-only, two-year balloon, no prepayment penalty.

Property Details for 932 Gardner Rd

Property type
Other land, Land
Lot Size (sq. ft)
25,744 SF

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.255555
Longitude
-97.6853523
932 Gardner Rd, Austin, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
932 Gardner Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message