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- LoopNet Team
1602 Elmira Rd
Austin, TX 78721
6 Miles from Tesla | East Austin · Land For Sale
·
0.23 ac
INVESTMENT HIGHLIGHTS
- Prime Location:** Minutes from downtown Austin and adjacent to a new development.
- Ample Space:** Generous .223-acre lot with cleared back lot for expansion.
- Strategic Position:** Close proximity to Tesla Gigafactory, Bergstrom International Airport, and the University of Texas.
- Income Potential:** Configurable for A & B unit setup for rental income.
- Convenient Access:** Two separate driveways for added accessibility.
- No Flood Risk:** Property is not located in a flood plain, ensuring long-term security.
PROPERTY FACTS
| Property Type | Land | Total Plot Size | 0.23 ac |
| Property Subtype | Residential | No. Floors | 1 |
| Proposed Use | |||
| Use Class | SF-3 Family Residence - Zoning SF3, Allowing For An A & B UNIT | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Plot Size | 0.23 ac |
| No. Floors | 1 |
| Use Class | SF-3 Family Residence - Zoning SF3, Allowing For An A & B UNIT |
DESCRIPTION
This East Austin gem offers a prime investment opportunity. Zoned SF-3, it takes advantage of new single-family zoning laws allowing for three units per lot. Situated minutes from downtown, across from Mueller, and easily accessible via I-35 and Hwy 183/Ed Bluestein, this 2-bed, 2-bath residence provides a canvas for customization, including potential A, B & C unit configurations for future rental income. It's just 9 miles from the Tesla Gigafactory, 7 miles from Bergstrom International Airport, and 4 miles from the University of Texas and Downtown Austin. Within walking distance to Morris Williams Golf Course and Givens Park, recreation is at your doorstep. All utilities are connected, and gas is provided by Texas Gas Service. This property offers versatility with 25-foot front and 10-foot rear setbacks, 5-foot interior side, and 15-foot street side setbacks, two driveways, 40% lot coverage, and 45% impervious coverage. Height restrictions allow structures up to 35 feet. It's not in a flood plain, ensuring development peace of mind. Unit 1 offers 4,013 sq. ft. and .092 acres, while Units 2 & 3 (Must Be Built) can provide up to 5,629 sq. ft. and .129 acres, allowing substantial expansion. The property comes with a comprehensive set of documents, including the Environmental and Jurisdictional Regulation Report, Zonability Report, Foundation Report, Tree Removal Estimate, Land Survey, Condo Plat Map, Flood Disclosure Map, Title Commitment, Home Inspection Report, and Wood Destroying Report. These resources position this property for a well-informed and savvy investment. Explore the wealth of information under the documents section to maximize this exceptional opportunity.
