Property Description

The property consist of three tax parcels (lots). 200 ft. frontage on the service road on the lower level and being approximately 16,200 sq. ft. of level surface with 1188 sq. ft. that can be renovated or torn down for new development. Upper portion of property that is above the green retaining wall accessed by Lupine street above. Those lots are total of 13,661 sq. ft. by survey. The upper lots are zoned SF-3 and the lower level zoned Commercial/LR. Buyer can redevelop the property and build a 3-5 story mixed use building with outstanding views of downtown city skyline. Tract is served by all utilities. Electricity, water, wastewater, telephone, natural gas and internet and cable. See aerial views from drone shots made of area. The view cannot be blocked in the future from any developments since no properties exist for development between this site and downtown. City owns only lot at NW corner at Riverside Dr. and IH 35 they converted it to dog park so will never be developed. It is the only site that could block the view from this subject property to city. Total Sq. footage of site on both levels is 28,865 sq. feet.

Features
: City, See Remarks, City Lights
: See Remarks
: See Remarks, Gated, Asphalt, Concrete, Direct Access
: Public Sewer
: Electricity Connected, See Remarks, Phone Available, Natural Gas Available, Internet-cable, Water Connected, Sewer Connected
Address Map
US
TX
Travis
Austin
78741
1221 S Interstate 35 Freeway, Austin TX 78741
0
W98° 15' 56.5''
N30° 14' 43.3''
Exit riverside drive exit coming downtown from the south. Look to right immediately then pull in front of guard rail in front of property. Coming from the north cross the river bridge and take exit for Woodland Ave and circle back under IH 35 going east on Woodland Dr and left on the service road on IH35 then south to property on right.
Parkinson Lela
MLS Addon
Austin Premium Property
David Morrison
: See Remarks
: Slab
168821
1019
1
: See Remarks, None
: Standard
$10,366
: Public

Commercial Sale For Sale

1221 S Interstate 35 Freeway, Austin TX 78741, Austin, Texas 78741

15,354.90 Sqft
$1,850,000
Listing ID #6940715
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 6940715
Price : $1,850,000
Year Built : 1964
Lot Area : 15,354.90 Sqft
Building Area : 28,965 Sqft
Status : Active
Property SubType : See Remarks