$1,195,000
Prime development opportunity in East Austin with an approved site plan for six buildable lots totaling 12 residential units, across approximately 1.2 acres.
Building plans are currently in the final stages of the City of Austin permitting process and are expected to by end of September. They were designed by Local architect group Kipp Flores. The project will be delivered with the approved building plans, allowing a buyer to bypass an estimated 5–6 months of permitting, design costs, structural costs, and additional interest carry. Allowing an expedited process to the spring market of 2027.
Horizontal construction can begin immediately under the existing approved site plan, allowing development to move forward with horizontal work while the building permits are finalized.
Located less than one mile from Springdale Green and Springdale General and approximately 14 minutes from Downtown Austin, the property sits in an area experiencing significant continued investment and redevelopment.
With much of the entitlement, design, and permitting work already completed, a developer has the ability to step in, begin construction immediately, and potentially deliver finished homes in approximately 8–9 months, positioning the project for the upcoming spring selling season.
A rare opportunity to acquire a substantially de-risked East Austin development with 12 units, approved site planning, near-complete building permits, and the ability to break ground immediately. An entry level price point for homes sub $700,000, which cannot be found in east Austin any more and will have a high demand for new construction, filling this void.
8811043
MLS
. Ledesma Rd, Austin
Listing courtesy of 3rd Angle Realty LLC. Contact: (512) 573-8804