Description
Value is in the land - existing structure is likely a tear down. Motivated Seller. Property is located in an opportunity zone on a high growth corridor, great long term hold with potential to rezone - buyer to verify. With immediate access to MLK Jr. Blvd, a major thoroughfare, you'll find easy access to Downtown/Central Business District, the medical center, the new Moody Center / UT Campus, and more! The property is directly across from the J.J. Seabrook Greenbelt which provides a view, a place for leisure and some separation from neighbors. Within walking distance to Mueller providing access to many entertainment and shopping needs. Special corner lot poised for a great development! Optionality abounds with the potential to keep the existing structure and build an ADU, or tear down the current bungalow and build a duplex like you'll see on the adjacent property on Pershing. New construction single family in this neighborhood is also selling for $2m+. Current market rent for the existing home is roughly $2400/month while you wait for permits. Buyer to verify development due diligence!
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4BEDS
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0.17ACRES
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2BATHS
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01/2 BATHS
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1,060SQFT
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$448$/SQFT
School Information
Description
Value is in the land - existing structure is likely a tear down. Motivated Seller. Property is located in an opportunity zone on a high growth corridor, great long term hold with potential to rezone - buyer to verify. With immediate access to MLK Jr. Blvd, a major thoroughfare, you'll find easy access to Downtown/Central Business District, the medical center, the new Moody Center / UT Campus, and more! The property is directly across from the J.J. Seabrook Greenbelt which provides a view, a place for leisure and some separation from neighbors. Within walking distance to Mueller providing access to many entertainment and shopping needs. Special corner lot poised for a great development! Optionality abounds with the potential to keep the existing structure and build an ADU, or tear down the current bungalow and build a duplex like you'll see on the adjacent property on Pershing. New construction single family in this neighborhood is also selling for $2m+. Current market rent for the existing home is roughly $2400/month while you wait for permits. Buyer to verify development due diligence!
© 2022 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-06-29T00:00:53.427.