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6601 North Capital of Texas Highway - NorthTrail Office or Retail Project
10.11 Acres of Commercial Land Offered at $7,900,000 in Austin, TX 78731
Investment Highlights
- Site Development Permit approval anticipated for Fall of 2024 for approximately 110,000 square feet of leaseable.
- Three levels of office space above covered parking
- Land is grandfathered to earlier development rules
- Estimated 464 parking spaces
- Settlement agreement with City of Austin requires City of Austin to waive some development fees
Executive Summary
Property Facts
Price | $7,900,000 | Property Subtype | Commercial |
Sale Type | Investment | Proposed Use | |
No. Lots | 1 | Total Lot Size | 10.11 AC |
Property Type | Land | Cross Streets | Ranch Road 2222 |
Price | $7,900,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | |
Total Lot Size | 10.11 AC |
Cross Streets | Ranch Road 2222 |
1 Lot Available
Lot
Price | $7,900,000 | Lot Size | 10.11 AC |
Price Per AC | $781,405 |
Price | $7,900,000 |
Price Per AC | $781,405 |
Lot Size | 10.11 AC |
Approved legal lot status from city of Austin
Description
Site for Sale on Capitol of Texas Highway. 10+ acres. Zoned GR-CO. See attached Zoning information and Conditional Overlay. Multiple uses possible besides office space! Restaurant, Hotel/Motel, Private Schools, Community Recreation, Medical Offices, General Retail, Indoor or Outdoor Sports and Recreation, Hospital Services, Theater, Personal Services, Religious Assembly, and more! Convenient close-in location. Approval of City of Austin Site Development Permit anticipated for Fall of 2024 for approximately 110,000 square feet of lease-able office space. Is the price is negotiable? Of course! Tell us what works best for you! The closing can be scheduled for a date after the site development permit is approved or sooner. We are just selling the land, No structures are yet built, so Buyer may pursue his preferred Architectural Design and Builder. Attractive, gently sloping site with appealing views of the valley and dramatic views of Bull Creek! Prior settlement agreement with City of Austin allows for waiver of some City of Austin development fees and for grandfathering to earlier development rules. Civil Engineer reports an estimated 464 parking spaces. The attached floor plan is for conceptual display purposes only. Two of the three principals of the ownership are State of Texas licensed real estate brokers. Preferred Title Company: Capstone Title – Foskitt. To see the property please contact the listing broker. There are dramatic cliffs on the part of this property overlooking Bull Creek and caution is required. See the link below for a really cool video display of the site and the proposed placement of the building upon the land!
PROPERTY TAXES
Parcel Number | 565172 | Improvements Assessment | $5,599,396 |
Land Assessment | $1,200,604 | Total Assessment | $6,800,000 |
PROPERTY TAXES
zoning
Zoning Code | GR-CO (Potentially multiple uses. See attached documentation for zoning description and conditional overlay.) |
GR-CO (Potentially multiple uses. See attached documentation for zoning description and conditional overlay.) |
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6601 North Capital of Texas Highway - NorthTrail Office or Retail Project
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