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4500 E 51st St - Hard Corner E 51st/Springdale Dev Opportunity
1.49 Acres of Commercial Land Offered at $1,500,000 in Austin, TX 78723
Investment Highlights
- Incredible hard corner with amazing visibility and very buildable lot
- Minutes to Mueller, 15 mins to downtown, 15 minutes to ABIA, 10 mins to Dell's Medical Center
- Powerful Demographics - Over 20,000 household within 2 miles, $108,000 Average Household Income within 2 miles
Executive Summary
- 10,288 vehicles per day at E 51st and Springdale Rd - Population count over 55,000 within 2 miles
- Household income average at $108,0000 annually
- Average Age - 35 years old
- Strong small office (or office condos) occupancy rates at 85%+
- Retail occupancy rates 90%+
- Previous Fully approved STP for almost 20,000SF office/community clinic
- Preliminary studies indicate 18,000-20,000 square foot mixed-use office retail building is feasible
• Dual Access to Springdale Rd and 51st Street
• 1 mile to Mueller and Dell Children Hospital
• 2 miles to University of Texas and UT Medical
• 90% Allowable Impervious Coverage
• 75% Allowable Building Coverage
• Zoning GR-CO-NP
• 60’ Allowed Building Height
• 1:1 Floor-to-Area Ratio
• Approximately 44 parking spaces
• Over 20k households within 2 miles
Property Facts
1 Lot Available
Lot
| Price | $1,500,000 | Lot Size | 1.49 AC |
| Price Per AC | $1,006,711 |
| Price | $1,500,000 |
| Price Per AC | $1,006,711 |
| Lot Size | 1.49 AC |
Slight grade &very buildable. Amazing visibility, hard corner, over 10k vehicles per day. Ingress/Egress from both 51st & Springdale. Site can hold estd 18k-22k office/retail footprint. Utilities/drainage/floodplain have been vetted on past plan
Description
The Morshed Group at Sotheby’s International Realty is pleased to offer for sale this unique mixed-use development parcel in an amazing East Central Austin location with very attractive demographics and demand for urban experiences by households in the immediate vicinity. The site is minutes to the famed Mueller mixed-use master-planned community and Dell’s Children Hospital, 10 minutes to The University of Texas, 15 minutes to Austin’s CBD as well as Dell’s Medical Center/ Red River District and 15 minutes to Austin Bergstrom International Airport. - 10,288 vehicles per day at E 51st and Springdale Rd - Population count over 55,000 within 2 miles - Household income average at $108,0000 annually - Average Age - 35 years old - Strong small office (or office condos) occupancy rates at 85%+ - Retail occupancy rates 90%+ - Previous Fully approved STP for almost 20,000SF office/community clinic - Preliminary studies indicate 18,000-20,000 square foot mixed-use office retail building is feasible • Dual Access to Springdale Rd and 51st Street • 1 mile to Mueller and Dell Children Hospital • 2 miles to University of Texas and UT Medical • 90% Allowable Impervious Coverage • 75% Allowable Building Coverage • Zoning GR-CO-NP • 60’ Allowed Building Height • 1:1 Floor-to-Area Ratio • Approximately 44 parking spaces • Over 20k households within 2 miles
zoning
| Zoning Code | GR CO NP (GR zoning offers wide-variety of uses from Office, Professional Services, Retail, Events Center,Hospitality, Medical,Education,Restaurant & much more) |
| GR CO NP (GR zoning offers wide-variety of uses from Office, Professional Services, Retail, Events Center,Hospitality, Medical,Education,Restaurant & much more) |
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4500 E 51st St - Hard Corner E 51st/Springdale Dev Opportunity
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