1221 S Interstate 35 Freeway, Austin TX 78741,Austin,Travis,Commercial Sale

$ 1,850,000
1221 S Interstate 35 Freeway, Austin TX 78741, ,

Overview

  • Property ID
  • 469234
  • 0 ac

Description

The property consist of three tax parcels (lots). 200 ft. frontage on the service road on the lower level and being approximately 16,200 sq. ft. of level surface with 1188 sq. ft. that can be renovated or torn down for new development. Upper portion of property that is above the green retaining wall accessed by Lupine street above. Those lots are total of 13,661 sq. ft. by survey. The upper lots are zoned SF-3 and the lower level zoned Commercial/LR. Buyer can redevelop the property and build a 3-5 story mixed use building with outstanding views of downtown city skyline. Tract is served by all utilities. Electricity, water, wastewater, telephone, natural gas and internet and cable. See aerial views from drone shots made of area. The view cannot be blocked in the future from any developments since no properties exist for development between this site and downtown. City owns only lot at NW corner at Riverside Dr. and IH 35 they converted it to dog park so will never be developed. It is the only site that could block the view from this subject property to city. Total Sq. footage of site on both levels is 28,865 sq. feet.

Other Features
Electrical Utility Available
Property Id : 469234
Price: $ 1,850,000
Property Lot Size: 0 ac
Syndication Remarks: The property consist of three tax parcels (lots). 200 ft. frontage on the service road on the lower level and being approximately 16,200 sq. ft. of level surface with 1188 sq. ft. that can be renovated or torn down for new development. Upper portion of property that is above the green retaining wall accessed by Lupine street above. Those lots are total of 13,661 sq. ft. by survey. The upper lots are zoned SF-3 and the lower level zoned Commercial/LR. Buyer can redevelop the property and build a 3-5 story mixed use building with outstanding views of downtown city skyline. Tract is served by all utilities. Electricity, water, wastewater, telephone, natural gas and internet and cable. See aerial views from drone shots made of area. The view cannot be blocked in the future from any developments since no properties exist for development between this site and downtown. City owns only lot at NW corner at Riverside Dr. and IH 35 they converted it to dog park so will never be developed. It is the only site that could block the view from this subject property to city. Total Sq. footage of site on both levels is 28,865 sq. feet.
Parking Features: Asphalt,Concrete,Direct Access,Gated,See Remarks
Lot Size(acres): 0.3525
Lot Size(sf): 15354.9
Country: US
Last Listing Change: 2024-02-02T02:58:14.593Z
Property Key: 48453|283743|1|142921672
Status Contractual Search Date: 2024-02-01
Listing Key Numeric: 120864102
Est. Taxes: 10365.66
Originating System Key: actris
Originating System Name: ABOR - actris
FEMA Flood Plain: No
#Photos: 12
State: TX
Last Status Change: 2024-02-02T02:28:28.920Z
Street Dir Prefix: S
Street Name: Interstate 35
Street# Ext.: 1221
Street#: 1221
Street Suffix: Freeway
Property Match: APN
$/Building Area: 63.87
Additional Parcels YN: 1
Building Area Total: 28965
Building Features: See Remarks
Construction Materials: See Remarks
Cooling: None
Current Use: Commercial,Vacant,See Remarks
Directions: Exit riverside drive exit coming downtown from the south. Look to right immediately then pull in front of guard rail in front of property. Coming from the north cross the river bridge and take exit for Woodland Ave and circle back under IH 35 going east on Woodland Dr and left on the service road on IH35 then south to property on right.
Foundation Details: Slab
Heating: None
Listing ID: 6940715
Listing Terms: Cash,Committed Money,Conventional
MLS Area Major: 9
Status: Active
#Buildings: 1
Other Structures: None,See Remarks
Parcel#: 03020602380000
Possession: Close Of Escrow
Property Condition: See Remarks
Road Surface Type: Asphalt,Concrete,PVD,Sidewalks,See Remarks
Sewer: Public Sewer
Special Listing Conditions: Standard
Tax Annual($): 10365.66
Topography: Property is level on the frontage road with concrete and asphalt paving and large concrete retainer wall surrounding the lower level. The Upper lots are sloping toward the big green retainer wall and is surrounding the lower level. See pictures.
Utilities: Electricity Connected,Internet-Cable,Natural Gas Available,Phone Available,Sewer Connected,Water Connected,See Remarks
View: City,City Lights,See Remarks
Water Source: Public
Year Built: 1964
$ 12,669.19
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 9,354.61
Wed 06 Nov
Thu 07 Nov
Fri 08 Nov
Sat 09 Nov
Sun 10 Nov
Mon 11 Nov
Tue 12 Nov
Wed 13 Nov
Thu 14 Nov
Fri 15 Nov
In Person
Video Chat
Your information
Info is deemed accurate but not guaranteed. Published info is subject to change. Buyers should conduct their own due diligence and research.

Compare Listings

Gerald Bodle, MBA