700 & 604 Corral LN, Austin, TX 78745
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700 & 604 Corral LN, Austin, TX 78745
700 & 604 Corral LN, Austin, TX 78745
700 & 604 Corral LN, Austin, TX 78745
700 & 604 Corral LN, Austin, TX 78745
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700 & 604 Corral LN Austin, TX 78745

2.01 Acres Lot


UPDATED:

Key Details

Property Type Vacant Land

Sub Type Multiple Lots (Adjacent)

Listing Status Active

Purchase Type For Sale

Subdivision Circle S Ridge Sec 01

MLS Listing ID 2478448

HOA Y/N No

Annual Tax Amount $16,018

Tax Year 2025

Lot Size 2.010 Acres

Acres 2.01

Property Sub-Type Multiple Lots (Adjacent)

Source actris

Property Description

Ideal HOME / HOME2 development site. This 2.01+/- acre assemblage of two 1+/- acre city lots is in the sweet spot for size and density under the code, ideal for a mid-density entry level sale or single family rental development in the heart of Austin. Feasibility studies by LLVLL Design / Build projects up to 31 units @ 1650 sqft / unit, equating to over 51,000 buildable sqft, extracting maximum benefit from 90% FAR allowed under the code if used strategically. At 51k sqft land cost is under $30/sqft. Nice level site with easy access. Arborist indicates all existing trees can be removed. The existing homes are both occupied allowing for a low cost entry point leveraging conventional residential lending and substantial interim rental income while in the lead up to groundbreaking. One of both of the existing homes could be saved / renovated/ flipped to substantially lower the cost basis on the land with minimal impact to the total project unit count. I-35 Capital Express South project with easy access from both directions and a 2023 daily traffic count of over 190,000. Major infrastructure improvements related to the TXDOT effort just completed. Buyers to do all their own due diligence. Contact LA for more information.

Location

State TX

County Travis

Area 10S

Zoning SF-2, HOME & HOME2 compa

Interior

Fireplace N

Exterior

Community Features None

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Waterfront Description None

View None

Building

Lot Description City Lot, Cleared, Level, Open Lot, Public Maintained Road

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools Pleasant Hill

Middle Schools Bedichek

High Schools Crockett

School District Austin Isd

Others

Restrictions See Remarks

Acceptable Financing Cash, Conventional

Tax Rate 2.0465

Listing Terms Cash, Conventional

Special Listing Condition Standard


Listed by Texas Ally Real Estate Group • David Mosrie

Nearby Locations

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