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00 E US Hwy 290 - E US 290 8.5 acres North Central Austin
8.51 Acres of Commercial Land Offered at $4,500,000 in Austin, TX 78723
Investment Highlights
- Several acres ready for development within North-central Austin.
Executive Summary
Travis County PID 226844. Currently zoned office, GO-CO-NP. Previously zoned multi-family. Great location for office, but also, considering Austin City Council's appetite for high density, there may be a great opportunity for a zoning change and development of many homes on small lots, townhome or condo developments, or multi-family. This may also be a great site for a hotel, with great access to the airport, Mueller, and downtown Austin.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
1 Lot Available
Lot
| Price | $4,500,000 | Lot Size | 8.51 AC |
| Price Per AC | $528,790 |
| Price | $4,500,000 |
| Price Per AC | $528,790 |
| Lot Size | 8.51 AC |
8.5 acres of mostly flat terrain on busy US 290 very near Hwy 183 in North Central Austin. Little Walnut Creek runs close to the eastern border & is a pretty asset to the property. Access from Coronado Hills Dr. or US 290.
Description
8.51 acres of undeveloped land along E 290 Highway near 183. Coronado Hills Dr dead ends into the property on the north side. The property is directly next to Austin Achieve Elementary School and the Coronado Hills neighborhood.
PROPERTY TAXES
| Parcel Number | 226844 | Total Assessment | $1,390,109 |
| Land Assessment | $1,390,109 | Annual Taxes | ($1) |
| Improvements Assessment | $0 | Tax Year | 2023 |
PROPERTY TAXES
zoning
| Zoning Code | GO-CO-NP (General Office use. The previous owner changed the zoning from Multifamily to Office use. Potential to change to mixed use with high density.) |
| GO-CO-NP (General Office use. The previous owner changed the zoning from Multifamily to Office use. Potential to change to mixed use with high density.) |
Presented by
David Foster
00 E US Hwy 290 - E US 290 8.5 acres North Central Austin
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