700 & 604 Corral

Austin, TX 78745 · Travis County

$1,500,000Price
3,881Sq. Ft.
$386/ Sq. Ft.
700 & 604 Corral
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Description

Ideal HOME / HOME2 development site. This 2.01+/- acre assemblage of two 1+/- acre city lots is in the sweet spot for size and density under the code, ideal for a mid-density entry level sale or single family rental development in the heart of Austin. Feasibility studies by LLVLL Design / Build projects up to 31 units @ 1650 sqft / unit, equating to over 51,000 buildable sqft, extracting maximum benefit from 90% FAR allowed under the code if used strategically. At 51k sqft land cost is under $30/sqft. Nice level site with easy access. Arborist indicates all existing trees can be removed. The existing homes are both occupied allowing for a low cost entry point leveraging conventional residential lending and substantial interim rental income while in the lead up to groundbreaking. One of both of the existing homes could be saved / renovated/ flipped to substantially lower the cost basis on the land with minimal impact to the total project unit count. I-35 Capital Express South project with easy access from both directions and a 2023 daily traffic count of over 190,000. Major infrastructure improvements related to the TXDOT effort just completed. Buyers to do all their own due diligence. Contact LA for more information.

Contact Agent

C
Col Realty
Col Realty
(512) 699-3810

Property Details

StatusActive
MLS #ACT223000604
Taxes$16,018 (2025) / year
TypeCommercial Sale
Year Built1959
Living Area3,881 Sq. Ft.
Lot Size2.01 AC / 87,555 SF
CountyTravis
SubdivisionCircle S Ridge Sec 01

Property Information

Parking

None

Directions: S I-35 FRONTAGE TO RIGHT ON CORRAL, FIRST TWO LOTS ON RIGHT. PLS DO NOT ENTER SITE WITHOUT APPOINTMENT AND AGENT PRESENT. BOTH HOMES ARE OCCUPIED.

Location

Property History

DateEventPrice
May 18, 2026 Listed (Active) · MLS# ACT223000604 $1,500,000

Full transaction history may not be available. Data sourced from ACTRIS MLS.

Public Records

Tax Record 2025$16,018
Total Sq. Ft.3,881
Year Built1959
Total Sq. Ft.3,881
Lot Size87,555 Sq. Ft.
StyleCommercial Sale
CountyTRAVIS
MLS #ACT223000604
$1,500,000
700 & 604 Corral, Austin, TX

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Payment Estimate

Estimated monthly payment
Principal & Interest
Property Taxes

For illustrative purposes only. Contact a lender for accurate figures.