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- LoopNet Team
1140 Shady
Austin, TX 78721
1140 Shady Lane · Land For Sale
·
1.11 AC
INVESTMENT HIGHLIGHTS
- Opportunity Zone
- Directly across the street from Shady Side, a 96% leased office/retail project with 65,995 SF.
- Easy access to Airport Blvd and Toll 183
- Surrounded by 1,850+ new apartment units with 1,150 units under construction and more expected to break ground in 2024 directly across the street.
- Walking/Biking distance to retail, office and entertainment spaces at Canopy, 979 Springdale and Springdale General
PROPERTY FACTS
DESCRIPTION
1140 Shady Lane is a 1.11 acre development site located in the rapidly growing East submarket. It is surrounded by new construction including multiple new multi-family developments along with ShadySide, a new, Class A office/retail project across the street. The site benefits from direct access to the North/South Airport Blvd corridor, as well as close proximity to the Hwy 183 Toll Road. East/West access via 7th Street and Cesar Chavez allow for easy access to downtown Austin. Located in an Opportunity Zone, the site offers substantial tax benefits to both developers and potential end users. The Shady Lane corridor offers some of the best access to green spaces in all of East Austin with the Walnut Creek Trail, Govalle Park, Boggy Creek Greenbelt, and the Southern Pacific Greenbelt all within a short walk. We expect to see interest in the site from both developers and end users looking to take advantage of the Opportunity Zone tax benefit.
PROPERTY TAXES
| Parcel Number | 193707 | Improvements Assessment | $7,923 |
| Land Assessment | $822,199 | Total Assessment | $830,122 |
PROPERTY TAXES
