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700 & 604 Corral LN Austin, TX 78745
3,881 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type See Remarks
Listing Status Active
Purchase Type For Sale
Square Footage 3,881 sqft
Price per Sqft $438
Subdivision Circle S Ridge Sec 01
MLS Listing ID 9528461
Year Built 1959
Annual Tax Amount $11,703
Tax Year 2025
Lot Size 2.010 Acres
Acres 2.01
Property Sub-Type See Remarks
Source actris
Property Description
Ideal HOME / HOME2 development site. 2.01+/- acre assemblage of two 1 ac city lots, ideal for entry level build for sale or build for rent HOME 2 development. Feasibility study by LLVLL Design / Build projects 31 units @ 1650 sqft / ea under the new code for over 51,000 buildable sqft, or around $35/sqft land cost. Arborist indicates all existing trees can be removed. By leveraging the small site & 1650 sqft min/ unit provision of HOME 2 you can extract over 90% FAR per site based on preliminary site plan. At 31 sites land cost is less than $60,000 per unit. One of both of the existing homes could be saved / renovated/ flipped to substantially lower the cost basis of the land $/ unit land cost, or leveraged as interim income. Other uses possible under SF2 to leverage improved access and traffic counts related to the ongoing TXDOT I-35 Capital Express South project with easy access from both directions and a 2023 daily traffic count of over 190,000. Buyers to do all their own due diligence. Properties to be sold together. Contact LA for more information.
Location
State TX
County Travis
Zoning SF-2, HOME & HOME2 compa
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View None
Total Parking Spaces 10
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
New Construction No
Others
Special Listing Condition Standard
Listed by Texas Ally Real Estate Group
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