2915 S 1st St , Austin, TX 78704
Austin, TX 78704
Description
Seller motivated! Unique opportunity for investors! Be part of the massive growth of industry in Austin with this PRIME south central property on the corner of S 1st Street and Powell Circle. Listed $400k below recent appraisal and located in the HOT 78704 zip code, S 1st Street is quickly becoming the new South Congress with the rapid growth of new mixed-use condominium/retail developments of all price ranges! South 1st is a major traffic artery and is enjoying a renaissance as redevelopment has been occurring. The property is currently being used as a retail facility; the existing retail building is tenant-occupied with neighborhood vehicle inspection/equipment rental retail businesses. Tenants currently pay $9,000 per month. The property is zoned CS-V-CO-NP with frontage shape and size adequate for small or possibly medium-scale development. The site has adequate drainage to remove groundwater yet built up to where it is generally level, sloping slightly to the north and east. All utilities available! Recent appraisal/property survey/condition statement available.
Details
| MLS# | 7580659 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 750 |
| Listing Provided By | All Hands Real Estate | Chris Kappmeyer |
Features
| SQ Feet | 1,316 |
|---|---|
| Building(s) | 1 |
| Zoning | CS-V-CO-NP: The property identif |
| Acreage | 0.35 |
Market Activity 78704
Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of October 3, 2024 at 10:54:12 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78704 |
| Area | 6 |
| Community Name | South Park Sec 01 |
| Listing VS Median (in South Park Sec 01) | |
Price: $2,700,000 low | high Med: $1,302,500 SqFt: 1,316 low | high Med: 1,828 $ / SqFt: $2,052 low | high Med: $707 On Site: 750 low | high Med: 93.500000 | |