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Description

A rare development opportunity in the heart of West Austin. Located on a quiet street in Deep Eddy, 1300 & 1302 Norwalk Lane currently consist of two multifamily buildings featuring a total of 6 one-bedroom units and 6 two-bedroom units, with only one unit currently vacant. This setup provides holding income while you pursue design and planning approval for redevelopment or refurbishment of the existing improvements. The property spans a gently sloping, rectangular 0.6-acre lot with dual street frontage. Zoned MF-3, it allows for up to 20,000 square feet of Gross Floor Area and up to 21 units. Preliminary schematics show a layout including a driveway and 12 x 1600 sq. ft. with 2-car garages and private roof terraces. This property is across the road from the Muni Golf Course and a short walk to O'Henry Middle School, HEB and Maudies. It is also less than a mile to Westenfield Park / Pool / Tennis Courts, Littlefields, and Juiceland; and less than 2 miles to Austin High, Zilker Park, Barton Springs, Town Lake, Lake Austin, numerous bars and restaurants on West Lynn and West 6th St. It's proximity to MoPac delivers direct connectivity to the airport, the Domain, and highways 183, 71 and 290. This property is zoned to Austin ISD's best schools.

Contact Agent

Col Realty

(512) 699-3810

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Property Details

Status	Active
MLS #	ACT203968388
Taxes	$38,901 (2025) / year
Type	Commercial Sale
Year Built	1963
Living Area	7,116 Sq. Ft.
Lot Size	0.60 AC / 26,127 SF
County	Travis
Subdivision	Westfield A

Property Information

Parking

AggregateAttached CarportCommon

Utilities & Construction

Heat: Natural GasAC: Ceiling Fan(s), Separate Meters, Wall/Window Unit(s)Laminate, WoodFoundation: Pillar/Post/Pier, Slab

Directions: West along Lake Austin Blvd, Right into Exposition, Right onto W 12th, Left into Norwalk. West along Enfield Rd, Left into Norwalk. Properties are on West side of street