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- LoopNet Team
914 Shady Ln
Austin, TX 78702
Shady Mixed-Use Commercial 2A/2B · Land For Sale
·
2.41 AC
INVESTMENT HIGHLIGHTS
- Office, Retail, Mixed Use Condominium, Restaurant, Medical, Bed & Breakfast
- Removal of FEMA Floodplain to Boogy Creek Channel Confirmed by City
- Tree Survey Available
- Service Extension Request Completed
- Affordability Unlocked and by Rights allows up to 90 feet on Tract 2B and 50% density bonus on Tract 2A
- Qualified Opportunity Zone
PROPERTY FACTS
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 2.41 AC |
| Zoning | LR-MU, SF-6 - LR-MU provides flexibilty for office, condos, retail, restuarant, art gallery, food trucks. SF-6 allows for townhomes, condos and duplex development | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 2.41 AC |
| Zoning | LR-MU, SF-6 - LR-MU provides flexibilty for office, condos, retail, restuarant, art gallery, food trucks. SF-6 allows for townhomes, condos and duplex development |
DESCRIPTION
914 Shady Lane Tract 2B is zoned LR-MU, with a height limitation under current neighborhood concession of 40 feet. New City ordinances allows up to 90 feet if affordability is included in the development, dramatically increasing overall yield. The property is located in a Qualified Opportunity Zone. Flood Plain modeling updated with the City of Austin and upon final site plan approval the flood plain will be contained within the engineered waterway of Boggy Creek (drainage area). NRP Group is planning 600+ workforce housing and a school on the Coy Ferrales facility next door. Opportunities to provide commercial services for the new planned development. Condo potential, office, restaurant and/or retail use is permitted.
