1800 E Martin Luther King Jr Blvd - Austin Corporate Studios
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1800 E Martin Luther King Jr Blvd - Austin Corporate Studios
0.14 Acres of Commercial Land Offered at $1,300,000 in Austin, TX 78702
Investment Highlights
- New City of Austin ordinances allow up to 60' vertical, up to 20,780 SF, 5 floors total
- Shovel ready previously approved vertical mixed-use site plan
- MLK is a designated transit corridor
- Retail/Restaurant/Bar first floor, up to 24 or more apartment/condo units on floors 2 through 5
- Close proximity to Austin CBD, Hospital District, UT Campus, Moody Center
Executive Summary
Awesome location in Austin's MLK transit corridor with easy access to downtown and UT. With the City of Austin's new zoning ordinances, this site will support a building height of up to 60' and a total of approximately 20,800 SF of rentable square footage with existing zoning of LO-VMU-NP. Consider retail/restaurant space on the first floor and residential on the upper 4 floors. Utilizing Austin's Affordability Unlock requires only 10% of the unit count to be in the Affordable category. Total residential space could be as high as 17,800 SF, with up to 24 or more units. Ideal configurations would be studios, and 1 and 2 bedroom units given the area demographics. The first-floor area could 3,000 SF or more of retail/restaurant space. No onsite parking is required except for ADA. Consider rezoning to GR (Community Commercial) for even more possibilities. No significant tree issues, flat lot, easy build. South end of lot has views to downtown, especially from upper floor(s). MLK is a designated transit corridor with 4-lanes and planned 20’ widening, with 5 bus stops within 1 block, within walking distance to the UT @ Austin campus, 3 hospitals, the Dell Medical School, 3 Blocks East Of UT's Eastern Parking Lot. Great neighborhood with daily needs businesses on the same block (Sour Duck Bakery & Restaurant, JuiceLand, Shell, Austin Daily Press and the Wheel & Monarch Liquor). Just 4 blocks to the UT campus with the new UT Moody Center just 5 blocks away. Convenient to UT McCombs School Of Business (just 2 bus stops and 1.3 miles away). A short 25 min. walk to the Texas State Capitol Building Complex and 1/2 Mile From ST. David's Medical Center & Austin Lakes Hospital - Dell Seton Medical Center At The University Of Texas, Blackstock Family Health Center - Central Texas Medical Foundation Brackenridge Hospital - Seton Brain And Spine Institute Dell Children's Medical Center & The Heart Hospital Of Austin.Dell Children's Medical Center & The Heart Hospital Of Austin.
Property Facts
1 Lot Available
Lot 1
| Price | $1,300,000 | Lot Size | 0.14 AC |
| Price Per AC | $9,285,714 |
| Price | $1,300,000 |
| Price Per AC | $9,285,714 |
| Lot Size | 0.14 AC |
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Walk Score ®
Very Walkable (81)
Bike Score ®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 202347 | Improvements Assessment | $0 |
| Land Assessment | $425,000 | Total Assessment | $425,000 |
PROPERTY TAXES
Parcel Number
202347
Land Assessment
$425,000
Improvements Assessment
$0
Total Assessment
$425,000
zoning
| Zoning Code | LO-MU-V-NP (Light Office, Verticle Mixed Use, Neighborhood Plan easily rezoned to GR) |
| LO-MU-V-NP (Light Office, Verticle Mixed Use, Neighborhood Plan easily rezoned to GR) |
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Jeffrey Schnabel -
Sasha Lifschitz -
Impact Commercial Group at Realty Austin
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1800 E Martin Luther King Jr Blvd - Austin Corporate Studios
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