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1200 Gibson Street 2,800 SF Retail Building Austin, TX 78704 For Sale
Investment Highlights
- PRIME CENTRAL AUSTIN LOCATION
- BREATHTAKING VIEWS OF AUSTIN SKYLINE
- UNDERSERVED CONDO SUBMARKET
- ATTRACTIVE MIXED-USE ZONING IN-PLACE
- FULL BUILDING PLANS & INFRASTRUCTURE IN PLACE
- CLOSE PROXIMITY TO MAJOR EMPLOYERS
Executive Summary
Walker & Dunlop Investment Sales (“WDIS”) is proud to present a 0.1435-acre urban infill development site located in an irreplaceable South Central Austin location, one (1) block east of South Lamar Boulevard at 1112 South 8th Street, Austin, TX 78704. The Property is currently improved with a 2,800 square foot retail building constructed in 1984, occupied by two (2) tenants on month-to-month leases.
The Property’s zoning (CS-1-MU-V-CO-DB90) provides a highly flexible and dense development envelope, allowing for a vertical mixed-use project of up to 90 feet in height.
This entitlement supports a range of development strategies, including boutique multifamily with ground-floor retail, for-sale condominiums, or a hybrid mixed-use concept tailored to the surrounding high-income demographic. Given the site’s compact footprint and immediate
proximity to South Lamar Boulevard, developers are uniquely positioned to deliver an efficient, design-forward project that capitalizes on skyline views of Austin’s CBD, exceptional walkability, and strong end-user demand.
The Property’s zoning (CS-1-MU-V-CO-DB90) provides a highly flexible and dense development envelope, allowing for a vertical mixed-use project of up to 90 feet in height.
This entitlement supports a range of development strategies, including boutique multifamily with ground-floor retail, for-sale condominiums, or a hybrid mixed-use concept tailored to the surrounding high-income demographic. Given the site’s compact footprint and immediate
proximity to South Lamar Boulevard, developers are uniquely positioned to deliver an efficient, design-forward project that capitalizes on skyline views of Austin’s CBD, exceptional walkability, and strong end-user demand.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,800 SF
Building Class
C
Year Built
1984
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.14 AC
Zoning
CS-1-MU-V-CO-DB90 - Highly flexible and dense development envelope, allowing for a vertical mixed-use project of up to 90 feet. CS-1 Zoning Ideal for a Bar or Restaurant.
Parking
6 Spaces (2.14 Spaces per 1,000 SF Leased)
Frontage
130’ on Gibson Street
Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 100029 | Improvements Assessment | $34,054 CAD |
| Land Assessment | $1,191,881 CAD | Total Assessment | $1,225,935 CAD |
Property Taxes
Parcel Number
100029
Land Assessment
$1,191,881 CAD
Improvements Assessment
$34,054 CAD
Total Assessment
$1,225,935 CAD
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1200 Gibson Street
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