This 11.63-acre suburban infill development opportunity is strategically positioned along E. William Cannon Drive, approximately 2,000 feet east of Interstate 35 in the high-growth South Austin submarket. The offering consists of two contiguous parcels: 2008 E. William Cannon Drive (6.79 gross acres) and 1814 Nelms Drive (4.88 gross acres), providing… Read More a rare dual-access configuration that combines commercial arterial visibility with quiet residential ingress and egress via the Nelms Drive cul-de-sac. Comprehensive civil engineering feasibility and site planning completed by MIGL Engineering demonstrate an optimized 8.86-acre net developable footprint designed specifically for Class A multifamily density. Utilizing an MF-4 rezoning framework, draft site concepts establish a high-yield potential ranging from 171 to 215 residential units across 300,000 to 381,000 square feet of gross floor area. The engineered layouts accommodate building heights up to 58 feet while integrating flexible double-podium, tuck-under, and surface parking structures. The site is substantially de-risked by existing utility connectivity, featuring a 10-inch ductile iron wastewater main on-site and 12-inch water mains along both street frontages. Furthermore, the tract leverages an existing regional water quality and detention facility serving the drainage basin, saving millions in upfront site work. Capitalizing on the City of Austin's elimination of municipal minimum parking requirements, a buyer can maximize buildable density and capital efficiency in one of Austin's most accessible multifamily corridors. Read Less
Property listed by Redfin Corporation 512-710-0156 (512) 710-0156
Listing Snapshot
Days Online
1
Last Updated
Property Type
MultipleParcels
Lot Size
11.63 Acres
MLS Number
1385355
Additional Details
Community
SeeRemarks
Disclosures
SellerDisclosure, SeeRemarks
Lot
11.63 acres, SeeRemarks
Property
SeeRemarks, Downtown, ParkGreenbelt, TreesWoods
Sewer
PublicSewer, SeeRemarks
Taxes
Parcel Number: 04220301210000, Annual Amount: $29,054.1, Assessed Value: $1.41971e+06, Legal Description: LOT 5 EIGHTY ONE WILLIAM CANNON JOINT VENTURE SUBD & LOT 1 EIGHTY ONE WILLIAM CANNON JOINT VENTURE SUBD, Lot: 5, Year: 2026, Zoning: Dual-zoned Multifamily Me, Zoning description: Dual-zoned Multifamily Medium Density (MF-3) & Neighborhood Commercial (LR) per COA Ordinance No. 20161215-086. MF-3 permits 40 ft./ht. and 0.75 FAR. Pre-vetted civil concept plans demonstrate a clear path for concurrent MF-4 (60 ft/ht, 0.75 FAR)
Listings courtesy of the Austin Board of REALTORS® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. 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 be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.