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.
Property Details
| Status | Active |
| MLS # | ACT223000604 |
| Taxes | $16,018 (2025) / year |
| Type | Commercial Sale |
| Year Built | 1959 |
| Living Area | 3,881 Sq. Ft. |
| Lot Size | 2.01 AC / 87,555 SF |
| County | Travis |
| Subdivision | Circle S Ridge Sec 01 |
Property Information
Parking
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
| Date | Event | Price |
|---|---|---|
| May 18, 2026 | Listed (Active) · MLS# ACT223000604 | $1,500,000 |
Full transaction history may not be available. Data sourced from ACTRIS MLS.
Public Records
| Total Sq. Ft. | 3,881 |
| Lot Size | 87,555 Sq. Ft. |
| Style | Commercial Sale |
| County | TRAVIS |
| MLS # | ACT223000604 |
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Payment Estimate
For illustrative purposes only. Contact a lender for accurate figures.