$2,695,000 $14,467 est/mo Sourced by Back At You

902 & 904 E 7th St,Austin, TX 78702

Austin TX, 78702

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Description

Possible Seller financing option: terms 20% down, 8% interest only, 12-18 months with balloon. TOD zoned land in top location with DT views. A fantastic location for a mixed-use development. A 60ft high mixed-use development is going up to the East of those lots on E 7th st. A brand new high-end office building is going up on E 8th. New rules allow for up to 90ft mixed-use in TOD Zoning, see the article here - https://www.austinmonitor.com/stories/2022/06/council-approves-new-mixed-use-development-rules-and-launches-separate-corridor-proposal/ . Currently, there 1 small home one one lot and a parking lot on the other. Both properties have existing leases for ~$5k/side ( $10K per month total) to allow time for developers to work on plans etc. Links below for the new ALTO and Inf1nity Views projects which are right adjacent to Class A office space next door newly under construction. https://www.loopnet.com/Listing/924-E-7th-St-Austin-TX/23760735/ and https://www.loopnet.com/Listing/809-E-8th-St-Austin-TX/24677303/ Clear unobstructed views of downtown. Located in the Saltillo transit-oriented development (TOD) plan which allows for greater development potential, mixed-use, and less parking. Ready to make your mark in downtown Austin? 902 & 904 E 7th Street gives you the rare opportunity to own a thrilling piece of the action near Highway I-35, close to all the hottest nightlife spots and shops that downtown offers. Enjoy stunning, panoramic skyline views from your front door and take on the exciting investment project of a lifetime. 2 lots combined you can own a quarter of an acre in the middle of Central Austin!

Details

MLS#5709332
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site433
Listing Provided ByResavvy LLC | Tony Lazarov

Features

Acreage0.27
Property ViewCity, Downtown, Panoramic, Skyli

 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of May 23, 2024 at 10:30:18 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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Listings Checked: 5 minutes ago
StateTX
CountyTravis
CityAustin
Zip Code78702
Area5
Community NameRobertson S & L M South Pt
School DistrictAustin
Elementary SchoolSanchez
Middle SchoolMartin
High SchoolAustin
Listing VS Median (in Robertson S & L M South Pt)
Price:
$2,695,000
low | high
Med:
$0
On Site:
433
low | high
Med:
Sourced by Back At You
Listing Updated: May 21, 2024 at 10:08:09 PM PDT