Possible Seller financing option: terms 20% down, 8% interest only, 12-18 months with balloon. TOD zoned land in top location with DT views. A fantastic location for a mixed-use development. A 60ft high mixed-use development is going up to the East of those lots on E 7th st. A brand new high-end office building is going up on E 8th. New rules allow for up to 90ft mixed-use in TOD Zoning, see the article here - https://www.austinmonitor.com/stories/2022/06/council-approves-new-mixed-use-development-rules-and-launches-separate-corridor-proposal/ . Currently, there 1 small home one one lot and a parking lot on the other. Both properties have existing leases for ~$5k/side ( $10K per month total) to allow time for developers to work on plans etc. Links below for the new ALTO and Inf1nity Views projects which are right adjacent to Class A office space next door newly under construction. https://www.loopnet.com/Listing/924-E-7th-St-Austin-TX/23760735/ and https://www.loopnet.com/Listing/809-E-8th-St-Austin-TX/24677303/
Clear unobstructed views of downtown. Located in the Saltillo transit-oriented development (TOD) plan which allows for greater development potential, mixed-use, and less parking. Ready to make your mark in downtown Austin? 902 & 904 E 7th Street gives you the rare opportunity to own a thrilling piece of the action near Highway I-35, close to all the hottest nightlife spots and shops that downtown offers. Enjoy stunning, panoramic skyline views from your front door and take on the exciting investment project of a lifetime. 2 lots combined you can own a quarter of an acre in the middle of Central Austin!
Property Type :
Land
Subdivision :
Robertson S & L M South Pt
County :
Travis
Style :
Land
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ByOwner last updated this listing 05/12/2024 @ 02:29
MLS: 5709332
LISTED BY: Tony Lazarov, Resavvy LLC
SOURCE: ACTRIS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
