Awesome location in Austin's MLK transit corridor with easy access to downtown and UT. With the City of Austin's new zoning ordinances, this site will support a building height of up to 60' and over 20,000 SF of rentable square footage. Consider retail/restaurant space on the first floor and residential on the upper 4 floors. Utilizing Austin's Affordability Unlock requires only 10% of the unit count to be in the Affordable category. Total residential unit SF of over 17,000 SF, with 24 or more units. Ideal configurations would be studios, and 1 and 2 bedroom units given the area demographics. The first-floor area supports over 3,000 SF of retail/restaurant space. No onsite parking is required except for ADA. No significant tree issues, flat lot, easy build. South end of lot has VIEWS TO DOWNTOWN, especially from upper floor(s). MLK is a designated transit corridor with 4-lanes and planned 20’ widening, with 5 bus stops within 1 block, within walking distance to the UT @ Austin campus, 3 hospitals, the Dell Medical School, 3 Blocks East Of UT's Eastern Parking Lot. Great neighborhood with daily needs businesses on the same block (Sour Duck Bakery & Restaurant, JuiceLand, Shell, Austin Daily Press and the Wheel & Monarch Liquor). Just 4 blocks to the UT campus with the new UT Moody Center just 5 blocks away. Convenient to UT McCombs School Of Business (just 2 bus stops and 1.3 miles away). A short 25 min. walk to the Texas State Capitol Building Complex and 1/2 Mile From ST. David's Medical Center & Austin Lakes Hospital - Dell Seton Medical Center At The University Of Texas, Blackstock Family Health Center - Central Texas Medical Foundation Brackenridge Hospital - Seton Brain And Spine Institute Dell Children's Medical Center & The Heart Hospital Of Austin.Dell Children's Medical Center & The Heart Hospital Of Austin.
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Estimated Monthly Payment
Purchase Price:
$1,175,000
Principal + Interest
$0
(0%)
Property Tax
$0
(0%)
Home Insurance
$0
(0%)
HOA/Condo Fee
$0
(0%)
Mortgage Insurance
$0
(0%)
Monthly Payment
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Price & Tax History
Price History
Tax History
Date
Event
Price
03/27/2025
Price Decrease
$1,175,000
(-9.62%)
$8,234,057/ac
01/21/2024
Listed
$1,300,000
$9,110,021/ac
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$7,689
(-8.39%)
$425,000
Land 425,000
2022
$8,393
(+40.22%)
$425,000
Land 425,000
2021
$5,986
(-29.69%)
$275,000
Land 275,000
2020
$8,513
(+130.05%)
$396,900
Land 275,000 +
Additions 121,900
2017
$3,701
$165,932
No Breakdown Available
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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Property Details
Property Information
Property Type
Unimproved Land
List Category
For Sale
Days on Site
437 Days
Price/Lot Size
/ac
MLS Number
2223574
Lot Information
Lot Size
ac
Views
City
Construction/Structure
Water Source
Public
Interior Features
Exterior Features
Above Ground Utilities
Electricity Available
Natural Gas Available
Phone Available
Sewer Available
Water Available
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1800 E Martin Luther King Jr Boulevard
Austin, TX 78702
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