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3117 12th st 1 Acre of Residential Land Offered at $4,104,305 CAD in Austin, TX 78702
Investment Highlights
- 1-acre development opportunity
- Hotel use permitted
- Commercial or multifamily development
- Less than 8 minutes from downtown Austin
Executive Summary
Sayers Real Estate Advisors is pleased to present the exclusive opportunity to acquire 3117 E 12th St, a commercial or multifamily development opportunity in the heart of vibrant east Austin. The one-acre property offers a prominent location near the intersection of two of east Austin's main thoroughfares; Airport Blvd and E 12th St. Both of which have seen a rise in dining and entertainment leading to the property being less than a mile from a number of the city's favorite restaurants.
The property's CS-MU-V-CO-DB90-NP zoning allows for high density commercial and/or multifamily development and up to 80 feet of height. The property is ideally positioned for a residential or hospitality development benefiting from significant height and unrestricted view of downtown Austin.
The property's CS-MU-V-CO-DB90-NP zoning allows for high density commercial and/or multifamily development and up to 80 feet of height. The property is ideally positioned for a residential or hospitality development benefiting from significant height and unrestricted view of downtown Austin.
Property Facts
| Price | $4,104,305 CAD | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.00 AC |
| Property Type | Land | ||
| Zoning | CS-MU-V-CO-DB90-NP | ||
| Price | $4,104,305 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 1.00 AC |
| Zoning | CS-MU-V-CO-DB90-NP |
1 Lot Available
Lot
| Price | $4,104,305 CAD | Lot Size | 1.00 AC |
| Price Per AC | $4,104,305.35 CAD |
| Price | $4,104,305 CAD |
| Price Per AC | $4,104,305.35 CAD |
| Lot Size | 1.00 AC |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $231,511 CAD | |
| Land Assessment | $3,937,211 CAD | Total Assessment | $4,168,722 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$3,937,211 CAD
Improvements Assessment
$231,511 CAD
Total Assessment
$4,168,722 CAD
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3117 12th st
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