1806 Clubview Ave - Approved, 1.65± AC Mixed-Use Development
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1806 Clubview Ave - Approved, 1.65± AC Mixed-Use Development
1.65 Acres of Residential Land in Austin, TX 78741
Investment Highlights
- Approved for 120’ high-rise building with density bonus (up to 225 units)
- Convenient access to TX-71, Hwy. 183, TX-130, I-35 & greater metro area
- Highly visible corner lot along E. Riverside Drive (VPD 30,000)
- Located within ERC Corridor
- Strong demographics (1.2% Annual Pop. Growth & $86K Avg. Income - 3 mi.)
- Minutes from Oracle’s headquarters, Lady Bird Lake & Austin Public Library
Executive Summary
The property represents the second phase, or Unit B, of the Cambrian East Riverside Development. Phase 1, or Unit A, consists of a 64-unit, multifamily affordable housing development that was completed in 2019. The affordable units delivered as part of Phase 1 unlocked the ERC (East Riverside Corridor) density bonus for Phase 2, allowing for a maximum building height of 120’ and a density bonus up to 225 units.
Plans for Unit B provide a desirable mix of studio (108), one-bedroom (72) and two-bedroom (45) units offering commanding views of downtown Austin. The site is well situated to take advantage of all that Austin has to offer, from recreation and travel options to entertainment and employment opportunities.
Plans for Unit B provide a desirable mix of studio (108), one-bedroom (72) and two-bedroom (45) units offering commanding views of downtown Austin. The site is well situated to take advantage of all that Austin has to offer, from recreation and travel options to entertainment and employment opportunities.
Property Facts
| Sale Type | Investment | Property Type | Land |
| Sale Conditions | Development Sale | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 1.65 AC |
| Sale Type | Investment |
| Sale Conditions | Development Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.65 AC |
1 Lot Available
Lot
| Lot Size | 1.65 AC |
| Lot Size | 1.65 AC |
Approved for 120’ high-rise building with density bonus
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PROPERTY TAXES
| Parcel Number | 755336 | Improvements Assessment | £1,153,928 |
| Land Assessment | £489,217 | Total Assessment | £1,643,145 |
PROPERTY TAXES
Parcel Number
755336
Land Assessment
£489,217
Improvements Assessment
£1,153,928
Total Assessment
£1,643,145
zoning
| Zoning Code | ERC-CMU (East Riverside Corridor/Corridor Mixed-Use) |
| ERC-CMU (East Riverside Corridor/Corridor Mixed-Use) |
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1806 Clubview Ave - Approved, 1.65± AC Mixed-Use Development
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