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4235-4243 S Congress Ave - St. Elmo Assemblage

1.73 Acres of Commercial Land Offered at $11,303,820 in Austin, TX 78745

Investment Highlights

  • Prime opportunity for redevelopment
  • Located in one of Austin’s main mixed-use hubs of new and future developments
  • CS-MU-CO-NP Zoning with opportunity to Rezone to CS-MU-V-CO-NP

Executive Summary

The information contained herein has been gathered from sources deemed reliable; however, McAllister & Associates, and its principals, members, officers, associates, agents and employees cannot guarantee the accuracy of such information. The information contained herein is subject to changes, errors, omissions, prior sale, withdrawal of property from the market without prior notice, and approval of purchase by owner. Prospective buyers should verify all information to their satisfaction. No representation is made as to the possible value of this investment or type of use, and prospective buyers are urged to consult with their tax and legal advisors before making a final determination.
Real Estate buyers are hereby notified that real properties and its rights and amenities in the States of Texas are subject to many forces and impacts whether natural, those caused by man, or otherwise; including, but not limited to, drought or other weather-related events, disease (e.g. Oak Wilt, Anthrax, Chronic Wasting Disease), invasive species, illegal trespassing, previous owner actions, neighbor actions and government actions. Prospective buyers of Texas real estate should investigate any concerns regarding a specific real property to their satisfaction.
When buying investment property the buyer's agent, if applicable, must be identified on first contact and must be present at initial showing of the property listing to the prospective real estate investor in order to participate in real estate commission. If this condition is not met, fee participation will be at sole discretion of McAllister & Associates.
McAllister & Associates reserves the right to require any or all interested buyer(s) of a particular property to provide proof of financial ability to purchase said property prior to the initial showing or any subsequent showing of the property. McAllister & Associates also reserves the right to refuse to show a property to a potential buyer for any reason at McAllister & Associates sole and absolute discretion.

Property Facts

Price $11,303,820
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Hold For Development
Total Lot Size 1.73 AC

1 Lot Available

Lot

Price $11,303,820
Price Per AC $6,534,000
Lot Size 1.73 AC

The offering consists of 3 (three) adjacent, commercially zoned properties in the St. Elmo district. Address: 4243, 4241, 4235, 4237 South Congress Ave. & Industrial Blvd.

Description

Current Annual NOI: Approximately $177,000

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 316353
  • 316334
  • 316332
  • 316330
  • 316331
  • 316333
Land Assessment
$4,228,333
Improvements Assessment
$1,367,359
Total Assessment
$5,595,692

zoning

Zoning Code CS-MU-CO-NP
CS-MU-CO-NP
  • Listing ID: 28874556

  • Date on Market: 6/28/2023

  • Last Updated:

  • Address: 4235-4243 S Congress Ave, Austin, TX 78745

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