$538,000 45 days on market

Rare redevelopment opportunity in the heart of South Austin w new homes on the same street selling ~1.6M creating a huge equity potential! Located close to ST Edwards University & the coveted 78704 zip, the property is being marketed primarily for lot value & redevelopment potential. This lot is exceptional in both size & shape w 0.177 acres (7,706 sq. ft.) & 57 x 145 dimensions, it has room for a pool & does not back to commercial! Many others are only 100 ft deep so the deep lot creates extra opportunity for high end building or maximizing density! This level homesite presents an outstanding opportunity for builders, investors or buyers looking to create a custom residence in one of Austin’s most sought-after neighborhoods. This an ideal candidate for a new build or potential multi-unit development (buyer to verify zoning, development options,& restrictions). The spacious backyard is largely open & unobstructed, offering excellent flexibility for future construction. Mature trees along portions of the property lines provide privacy w/out impacting the building envelope. Enjoy an unbeatable location just minutes from DT Austin, SoCo, South 1st & the St Elmo District. Residents love the easy access to Austin’s renowned restaurants, coffee shops, breweries, food trailers, boutique shopping,& live music venues. Outdoor enthusiasts will appreciate being near Lady Bird Lake, Zilker Park, Auditorium Shores, & miles of hike & bike trails. The property is also conveniently located near Austin’s major employment centers, including Downtown, the State Capitol Complex, healthcare facilities & many technology employers throughout the city. Austin-Bergstrom International Airport is approximately 15 minutes away. Good redevelopment opportunities in 78704 are becoming increasingly difficult to find. Bring your vision & take advantage of this exceptional S Austin location w endless possibilities. Buyers are encouraged to walk the lot. Interior showings available with listing agent