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Willow Hill 2500 Willow St

281 Unit Block of Flats For Sale Austin, TX 78741

Executive Summary

Jones Lang LaSalle (“JLL”) has been exclusively retained by the owners to offer potential investors the opportunity to purchase 2500 Willow Hill Drive (the “Property” or the “Site”), a 2.73-acre, permit-ready, multi-family housing development opportunity located within the prominent Riverside Drive corridor. This rapidly-growing Southeast Austin community is home to a number of new office, retail and multifamily developments. The property is conveniently located near the Oracle Campus and the popular South Shore District, and has easy access to Downtown Austin, and Austin-Bergstrom International Airport.
With just a short drive to downtown Austin, East Riverside is a neighborhood in Austin, located just Southeast of the city’s core in downtown. East Riverside, Parker Lane, and Pleasant Valley come together to form the East Riverside/ Oltorf neighborhood that has great parks, outdoor recreation, restaurants, and more. It’s a great spot to live, it’s close to everything – including the water!
Renting an apartment in the Riverside area is as close as one can get to Downtown before having to pay a serious location premium. Living in Riverside means you’re 5-10 minutes from almost every Austin hotspot imaginable: Rainey St., The Eastside, South Congress, Downtown, Sixth Street, UT Campus and more. The immediate neighborhood is easily navigated via bike, scooter, or public transit — making it a perfect spot for those who don’t want to rely on a vehicle to get around.

Property Facts

Sale Type Investment
No. Units 281
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 2.73 AC
Construction Status Proposed
Building Size 400,000 SF
Number of Floors 6
Year Built 2026

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 100 - -
2+1 101 - -
2+2 80 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
363721
Land Assessment
£49,852
Improvements Assessment
£36,788
Total Assessment
£86,640

zoning

Zoning Code ERC (East Riverside Corridor)
ERC (East Riverside Corridor)
  • Listing ID: 30275811

  • Date on Market: 04/12/2023

  • Last Updated:

  • Address: 2500 Willow St, Austin, TX 78741

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