Prime Riverside Development Opportunity – GR Zoning SB-840 Eligible 5 Stories Allowed Exceptional development opportunity near the rapidly evolving Riverside Drive corridor. This GR-zoned corner lot, currently eligible under SB-840, allows for a streamlined residential up to 5 stories permitted under existing code ,… Read More with no residential setbacks and no neighborhood plan restrictions with 4 units that could be developed by right and. The site also offers flexibility for commercial or mixed-use development, giving builders and investors multiple exit strategies. Two adjacent attached residential parcels provide an expanded footprint and may be candidates for rezoning, creating the potential for a larger, higher-density project. Ability to purchase additional parcels Situated within one of Austin’s most transformative growth corridors, the property is surrounded by major developments such as Oracle’s corporate campus approximately 1.7 miles away and multiple high-density mixed use projects reshaping East Riverside. The site sits near the proposed Montopolis ETOD (Equitable Transit-Oriented Development) area and the future Project Connect Montopolis train station, positioning this property for long term appreciation as transit oriented redevelopment accelerates. Featuring excellent visibility, strong traffic counts, and immediate access to major arterials, this location is ideally suited for forward-thinking residential or mixed-use development. A rare opportunity to secure a flexible, high-growth infill site in the path of massive redevelopment. Broker/Owner Read Less
Property listed by 3rd Angle Realty LLC 512-573-8804 (512) 573-8804
Listing Snapshot
Days Online
5
Last Updated
Property Type
MultipleParcels
Lot Size
0.62 Acres
MLS Number
4415178
Additional Details
Disclosures
Owner Is Listing Agent
Lot
0.6236 acres, Area: 0.6236, Corner Lot
Property
Neighborhood
Sewer
Public Sewer
Taxes
Year: 2025
Utilities
Electricity Available
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