1608 E 12th St, Austin Tx 78702

OVERVIEW

On a highly visible corner of E 12th this redevelopment opportunity gives developers a chance to get in on the highly sought-after section of E 12th. Conveniently located near a TOD corridor 1608 E 12th and 1204 Leona are ideally located a little more than 1 mile away from downtown Austin and E 7th St.

Two buildings exist on the properties. A 3,220 sqft auto mechanic shop and a 1,291 sqft home. The properties combine to extend over .3409 acres or 14,849.60 sqft.

This unique site gives a developer the ability to create a high-density mix use development for office/retail and residential uses or for an owner user looking to be in the center of East Austin.

FEATURES

  • On a Highly Visible Corner of East 12th
  • 1 Mile Away from Downtown Austin
  • 1 Mile Away from TOD
  • Excellent Development Opportunity
  • Zoning Allows a Variety of Uses

PROPERTY

Property Type

Retail/Residential/Land

Investment Type

Redevelopment

Year Built

1961

Parking Type

Surface

Land Area (ac)

0.34

Zoning

CS-MU-NCCD-NP

DETAILS

On a highly visible corner of E 12th this redevelopment opportunity gives developers a chance to get in on the highly sought-after section of E 12th. Conveniently located near a TOD corridor 1608 E 12th and 1204 Leona are ideally located a little more than 1 mile away from downtown Austin and E 7th St.

Two buildings exist on the properties. A 3,220 sqft auto mechanic shop and a 1,291 sqft home. The properties combine to extend over .3409 acres or 14,849.60 sqft.

This unique site gives a developer the ability to create a high-density mix use development for office/retail and residential uses or for an owner user looking to be in the center of East Austin.

Based on a third-party initial review of the City of Austin’s zoning for the site, we have been informed that a mixed-use development site would likely allow for a 2:1 FAR, and about 9,400 sqft per floor, up to three floors. A bonus amout is allowed if affordable housing of at least 10% is included and meets the City’s requirements, the development could go up to four floors at 9400 sqft per floor for a 37,600 sqft development. These occupied floors could be elevated over surface parking if desired.

Sale Type

Owner/User

Price

Contact Agent

AGENTS

Andy Kerr

Managing Partner/General Counsel
Email: [email protected]
Direct: 512.961.1883

Penn Bloxsom

Senior Associate
Email: [email protected]
Direct: 713.449.1024

DOCUMENTS

PHOTOS