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12016 Archeleta - Fully Entitled ±10.36 AC Assisted Living Site

10.35 Acres of Commercial Land Offered at $2,000,000 in Austin, TX 78739

Investment Highlights

  • Fully Entitled 100-Bed Assisted Living/Memory Care Development
  • Approved Site Development Permit and Building Permit

Executive Summary

Opportunity to acquire a fully entitled 100-bed assisted living/memory care development site in the highly desirable Southwest/Circle C submarket of Austin, Texas. The project site benefits from tremendous access and visibility being at the confluence of two major highway systems, Loop 1 (MoPac Expressway) and State Highway 45 Southwest. The property is entitled with an approved Site Plan Permit and Building Permit to allow construction of a four-story, 100-unit assisted living/memory care facility that has been designed to meet or exceed all City of Austin development standards in this highly restricted area.

Property Facts

Price $2,000,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Office
Total Lot Size 10.35 AC

1 Lot Available

Lot

Price $2,000,000
Price Per AC $193,237
Lot Size 10.35 AC

Approved plans with building permit are also available for an additional price.

Description

The project consists of a four-story, 100-unit (all single occupancy) assisted living and memory care facility on a ±10.36 acre vacant parcel. Project amenities include a viewing pond, dog park, wellness area, activity rooms, barber shop/salon, dining halls and lounges. The building has been designed with a stucco and stone veneer finish. Primary vehicle access to the site will be from Archeleta Blvd. which connects directly to both SH-45 SW and MoPac Expwy. There is a joint-use detention and water quality pond already constructed that benefits the property.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
820450
Land Assessment
$451,203
Improvements Assessment
$0
Total Assessment
$451,203

zoning

Zoning Code GO (GO (General Office))
GO (GO (General Office))
  • Listing ID: 28215614

  • Date on Market: 4/12/2023

  • Last Updated:

  • Address: 12016 Archeleta, Austin, TX 78739

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