$2,250,000
Austin, TX 78748
Description
This is an outstanding potential development site on Peaceful Hill Lane that is 2.73 acres that is currently zoned DR. It is block and half from Williams Elementary School. Property is adjacent to high end houses on Verrando, Vivid Sky Lane, and Virtus Bend. The north fence line is adjacent to the land owned by Agape Christian Ministries Austin Inc. and is being rezoned and permitted at city for 300 residential units on 11.844 acres that is at 7809 Peaceful Hill Lane, 7713/7715 Byrdhill Lane down to the property owned by City of Austin (drainage creek) on W Dittmar Rd. The property to the east and south are high end residential units. This tract based on permitting next door could have 77-85 units on this tract or more depending on lot size and type of zoning. If it is zoned to GR-MU-V-CO (mid-rise, multifamily use) like the adjacent tract it would be very attractive development. HEB super store and retail center are just blocks away on S Congress that has retail, grocery, restaurants, and many other Retail uses. Outstanding site for couples with elementary age kids that can walk to school one block west. This property is in the Bedicek Middle school and Crockett ECHS along with the Williams elementary school. The property is leased on a month-to-month tenancy. There are multiple uses at the site and numerous small buildings, cars, trailers and other on the site. The site will be vacated and cleaned up prior to close. See aerial drone shots for area developments and proximity to school, retail and other.
Key Features
- Price $2,250,000
- Property Type Commercial Sale
- Acres 3 Acres
- Utilities Electricity Available,Natural Gas Available,Sewer Available
- City Austin
- Status Contract Pending
Land Features
- Lotsize Source: Survey
- Area: 2.73
Other
- City: Austin
- County: Travis
- State: TX
- Zipcode: 78748
- Year Built: 1983
- Subdivision: Marx Hattie M
Property Map
South congress going south take a right on Ralph Ablanedo Dr go then right on Peaceful Hill Lane go to property on right just past the turn at Mairo St which goes to the Williams Elementary School one block to the west. You can also access the property coming south on S Congress Ave by turning right on W Dittmar Rd crossing bridge and continuing to a left turn at Peaceful Hill Lane. Continue to the property on the left.
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