1800 E Martin Luther King Jr BLVD, Austin, TX 78702

Property Description

Awesome location in Austin's MLK transit corridor with easy access to downtown and UT. With the City of Austin's new zoning ordinances, this site will support a building height of up to 60' and over 20,000 SF of rentable square footage. Consider retail/restaurant space on the first floor and residential on the upper 4 floors. Utilizing Austin's Affordability Unlock requires only 10% of the unit count to be in the Affordable category. Total residential unit SF of over 17,000 SF, with 24 or more units. Ideal configurations would be studios, and 1 and 2 bedroom units given the area demographics. The first-floor area supports over 3,000 SF of retail/restaurant space. No onsite parking is required except for ADA. No significant tree issues, flat lot, easy build. South end of lot has VIEWS TO DOWNTOWN, especially from upper floor(s). MLK is a designated transit corridor with 4-lanes and planned 20’ widening, with 5 bus stops within 1 block, within walking distance to the UT @ Austin campus, 3 hospitals, the Dell Medical School, 3 Blocks East Of UT's Eastern Parking Lot. Great neighborhood with daily needs businesses on the same block (Sour Duck Bakery & Restaurant, JuiceLand, Shell, Austin Daily Press and the Wheel & Monarch Liquor). Just 4 blocks to the UT campus with the new UT Moody Center just 5 blocks away. Convenient to UT McCombs School Of Business (just 2 bus stops and 1.3 miles away). A short 25 min. walk to the Texas State Capitol Building Complex and 1/2 Mile From ST. David's Medical Center & Austin Lakes Hospital - Dell Seton Medical Center At The University Of Texas, Blackstock Family Health Center - Central Texas Medical Foundation Brackenridge Hospital - Seton Brain And Spine Institute Dell Children's Medical Center & The Heart Hospital Of Austin.Dell Children's Medical Center & The Heart Hospital Of Austin.

Listing Status:

Active

Listing Office:

Compass RE Texas, LLC : 512-913-7480

Listing Agent:

Jeffrey Schnabel : (512) 913-7480

MLS ID:

6327824

Interior

• Flooring: See Remarks
• A/C: None
• Heating: See Remarks
• Eco/Green Feature: NoneNone

Exterior

• Other Structures: None
• Parking: Parking spaces: 0

Construction

• General: None

Location

• Road/Access: AsphaltSidewalks
• Originating MLS: actris
• County: Travis

Lot

• Topography: Flat
• Zoning: LO-MU-V-NP0.1427AC OF LOT 1 BLK 4 OLT 45 DIV B JOHNS C R SUBD02110917080000
• View: DowntownSee Remarks
• Current Use: CommercialUnimproved

Utilities

• Utilities: Above GroundElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: actris

This listing courtesy of Jeffrey Schnabel, Compass RE Texas, LLC