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11652 Jollyville Rd - Med Office Campus w/ Redevelopment Potential

1.51 Acres of Commercial Land Offered at $2,250,000 in Austin, TX 78759

Executive Summary

This is a Medical Office campus ‘For Sale’ with exceptional re-development potential. Located on Jollyville Road in Northwest Austin, the site is surrounded by rooftops and is only 1 mile from Ascension Seton Northwest Hospital, 5 miles to the Apple Campus, 8 miles to Cedar Park, and 11 miles to Downtown Austin. This 1.51-acre site has two buildings. The main office has approx. 2815sf of usable space, the Physical Therapy building in back has 1,729sf. The current practice is thriving; please keep this information confidential and do not speak to this practice’s employees. With the right offer, Seller will provide a reasonable period for a possible rezone if needed. The site is roughly rectangular in shape, with 120 ft of frontage on Jollyville Rd. Current Zoning allows Med or General Office. A rezone to something like ‘GR’ would open the site to multiple potential commercial uses.

Property Facts

Price $2,250,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Hotel
  • Medical
  • Storefront, Retail or Office
Total Lot Size 1.51 AC

1 Lot Available

Lot

Price $2,250,000
Price Per AC $1,490,066
Lot Size 1.51 AC

This is currently a Medical Office Campus on 1.517 acres that comprises two buildings, one with +/- 2815 of usable office space, the other with 1729sf.

Description

Operating Doctor's Office Campus can be used as is or re-developed. Remodeled and re-purposed single family home was turned into office. Campus has a second building being used as office and Physical Therapy Clinic. Please DO NOT BOTHER current employees. Your available with appointment. Site has good development potential and could possibly be rezoned to allow more possible uses. Seller will entertain all offers; currently priced at $2.75M. Location is surrounded by rooftops and businesses, the site is only 11 miles from downtown Austin, 5 miles from the Apple Campus, 1 mile form Seton NW Hospital.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
160176
Land Assessment
$1,982,400
Improvements Assessment
$118,228
Total Assessment
$2,100,628

zoning

Zoning Code LO - Limited Office (No Future Land Use Map for this site, nor is there a Regulating Plan. LO is for an office use that serves neighborhood neighborhood or community needs)
LO - Limited Office (No Future Land Use Map for this site, nor is there a Regulating Plan. LO is for an office use that serves neighborhood neighborhood or community needs)
  • Listing ID: 29693453

  • Date on Market: 10/3/2023

  • Last Updated:

  • Address: 11652 Jollyville Rd, Austin, TX 78759

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