South Austin Signalized Corner Infill Site 3416 Davis Ln 7.31 Acres of Commercial Land Online Auction Sale Austin, TX 78748
INVESTMENT HIGHLIGHTS
- Rare infill lot offers a hard-corner location on a signalized intersection of South Austin with excess land for a future development.
- This gently sloping lot is eligible for development, density limited to a FAR of 0.07847, which equates to approximately 25,000 SF.
- Supported by a 5-mile population of more than 237,000 with an average household income of $115K, providing 2024 consumer spending of over $3.4B.
- Property enjoys exceptional visibility to over 30,000 vehicles daily, and is easily accessible from Highways 1 and 290, and Interstate 35.
- Zoning allows for retail or office development but prohibits drive-thru operations, while deed restrictions prevent multifamily development.
EXECUTIVE SUMMARY
3416 Davis Lane provides a flexible 7.314-acre lot with massive development potential located at the northeast corner of the intersection of Brodie Lane and Davis Lane in South Austin, Texas. The site is a rare infill opportunity that combines a hard corner with excess land for additional development. It is ideally suited for an office or retail use with a variety of different end uses supported by the existing GR-CO zoning.
3416 Davis enjoys exceptional visibility that benefits potential commercial developments at the site. More than 30,000 vehicles pass by the signalized intersection each day. The site has an irregular, triangular shape with gently sloping topography toward the corner of Davis Lane and Brodie Lane, with trees covering roughly 60% of the lot.
A new owner of 3416 Davis Lane will enjoy significant optionality with many viable development options. The zoning ordinance covering the property currently prohibits drive-thru operations and a set of deed restrictions that prevent multifamily development on the site. The density of development at the site is limited to a FAR of 0.07847, which equates to approximately 25,000 square feet.
A strong recent performance in the local retail and office submarkets supports a variety of potential projects at 3416 Davis Lane. Vacancies in the retail submarket currently sit below 2.4%, driving some of the highest rents in the market at an average of $33 per square foot. While office vacancy rates are trending higher, absorption in 2024 of almost 200,000 square feet marks an empowering recovery in the area. Businesses seeking proximity to Austin’s hottest retail and dining destinations have driven robust demand for the most recently constructed office space. Over 40% of the leasing volume during 2024 was in buildings that were constructed in the last five years, driving demand for a new premium office project at the site.
Businesses at 3416 Davis Lane will find themselves easily accessible to a large demographic population within 5 miles of the site. Employees and customers can quickly find the property via major surrounding highways such as Highway 1, Highway 290, and Interstate 35. Nestled within the sprawling suburbs of South Austin, the area is home to a stable population of more than 237,000. These residents command strong average household incomes of $115,000 and provide a daytime workforce of more than 77,000. The area’s concentration of affluent commuting professionals drove elevated consumer spending of more than $3.4 billion during 2024, benefitting a new project at the subject property.
Don’t miss out on this rare opportunity to shape the future of one of Austin’s most sought-after commercial destinations with a new retail or office project at 3416 Davis Lane.
3416 Davis enjoys exceptional visibility that benefits potential commercial developments at the site. More than 30,000 vehicles pass by the signalized intersection each day. The site has an irregular, triangular shape with gently sloping topography toward the corner of Davis Lane and Brodie Lane, with trees covering roughly 60% of the lot.
A new owner of 3416 Davis Lane will enjoy significant optionality with many viable development options. The zoning ordinance covering the property currently prohibits drive-thru operations and a set of deed restrictions that prevent multifamily development on the site. The density of development at the site is limited to a FAR of 0.07847, which equates to approximately 25,000 square feet.
A strong recent performance in the local retail and office submarkets supports a variety of potential projects at 3416 Davis Lane. Vacancies in the retail submarket currently sit below 2.4%, driving some of the highest rents in the market at an average of $33 per square foot. While office vacancy rates are trending higher, absorption in 2024 of almost 200,000 square feet marks an empowering recovery in the area. Businesses seeking proximity to Austin’s hottest retail and dining destinations have driven robust demand for the most recently constructed office space. Over 40% of the leasing volume during 2024 was in buildings that were constructed in the last five years, driving demand for a new premium office project at the site.
Businesses at 3416 Davis Lane will find themselves easily accessible to a large demographic population within 5 miles of the site. Employees and customers can quickly find the property via major surrounding highways such as Highway 1, Highway 290, and Interstate 35. Nestled within the sprawling suburbs of South Austin, the area is home to a stable population of more than 237,000. These residents command strong average household incomes of $115,000 and provide a daytime workforce of more than 77,000. The area’s concentration of affluent commuting professionals drove elevated consumer spending of more than $3.4 billion during 2024, benefitting a new project at the subject property.
Don’t miss out on this rare opportunity to shape the future of one of Austin’s most sought-after commercial destinations with a new retail or office project at 3416 Davis Lane.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
PROPERTY FACTS
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 7.31 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | GR-CO |
1 LOT AVAILABLE
Lot
| Lot Size | 7.31 AC |
PROPERTY TAXES
| Parcel Number | 554111 | Improvements Assessment | $0 |
| Land Assessment | $2,867,381 | Total Assessment | $2,867,381 |
SALE ADVISOR
SALE ADVISOR
Andrew Perkel, Executive Vice President
(512) 447-2222 x119
Contact
During the last 30 years in Texas, Mr. Perkel has focused his business on real estate investments in Texas and the Austin markets. With these investments, Mr. Perkel brings a unique skill to each transaction by having his own personal business and investment experience to share with his clients.
He served as the Executive Vice President of RESOLUT RE, a commercial real estate brokerage firm, for 10 years. His leadership skills helped grow the company to $10 million per year in revenues. Mr. Perkel brings expertise in negotiations and is a certified federal mediator. Mr. Perkel has been named numerous years on the Austin Business Journal’s “Heavy Hitters List” and has been recognized by CoStar.
Prior to moving to Texas in 1992 Mr. Perkel began his leadership role from the time he enlisted in the United States Army, where he served for 12 years. He was named “NCO of the Year” (Non-Commissioned Officer) while serving in the Army reserves. After serving in the military, Mr. Perkel started a successful HVAC business in the Princeton, New Jersey area, where he built his company to over $1 million in revenue and enjoyed a solid reputation. He sold his company and relocated to Texas in 1992.
Mr. Perkel has enjoyed raising his four children, Adam 31, JL 28 and Noah and Jordan who are 18 year old boy/girl twins. Mr. Perkel also enjoys travel and cruising around the world.
He served as the Executive Vice President of RESOLUT RE, a commercial real estate brokerage firm, for 10 years. His leadership skills helped grow the company to $10 million per year in revenues. Mr. Perkel brings expertise in negotiations and is a certified federal mediator. Mr. Perkel has been named numerous years on the Austin Business Journal’s “Heavy Hitters List” and has been recognized by CoStar.
Prior to moving to Texas in 1992 Mr. Perkel began his leadership role from the time he enlisted in the United States Army, where he served for 12 years. He was named “NCO of the Year” (Non-Commissioned Officer) while serving in the Army reserves. After serving in the military, Mr. Perkel started a successful HVAC business in the Princeton, New Jersey area, where he built his company to over $1 million in revenue and enjoyed a solid reputation. He sold his company and relocated to Texas in 1992.
Mr. Perkel has enjoyed raising his four children, Adam 31, JL 28 and Noah and Jordan who are 18 year old boy/girl twins. Mr. Perkel also enjoys travel and cruising around the world.
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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AUCTION CONTACT
Amen Almukhtar
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
