Seller motivated! Unique opportunity for investors! Be part of the massive growth of industry in Austin with this PRIME south central property on the corner of S 1st Street and Powell Circle. Listed $400k below recent appraisal and located in the HOT 78704 zip code, S 1st Street is quickly becoming the new South Congress with the rapid growth of new mixed-use condominium/retail developments of all price ranges! South 1st is a major traffic artery and is enjoying a renaissance as redevelopment has been occurring. The property is currently being used as a retail facility; the existing retail building is tenant-occupied with neighborhood vehicle inspection/equipment rental retail businesses. The property is zoned CS-V-CO-NP with frontage shape and size adequate for small or possibly medium-scale development. The site has adequate drainage to remove groundwater yet built up to where it is generally level, sloping slightly to the north and east. All utilities available! Recent appraisal/property survey/condition statement available.
Concrete, Garage Faces Front, On Site, Paved, Workshop in Garage
Masonry, Concrete, Vinyl Siding
Date | Details | Price | Change |
---|---|---|---|
Price Reduced (from $3,100,000) | $2,700,000 | $400,000 (12.90%) |
Property Listed by: All Hands Real Estate
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from March 21st, 2023 at 5:30am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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