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Key Details
Property Type Commercial
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 24,063 sqft
Price per Sqft $203
Subdivision Carrington
MLS Listing ID 3689159
Sold Date 04/17/23
Originating Board actris
Year Built 1984
Annual Tax Amount $68,104
Tax Year 2021
Lot Size 0.441 Acres
Property Description
Gold Tier Real Estate is proud to present a value-add multifamily asset with close proximity to the University of Texas at Austin and Downtown Austin. With a total of 23 beds, 22 baths, and 16 garage spaces, this property is unique in nature and possesses unlimited potential for an investor.
The 0.44 acre property sits on the hard corner of San Gabriel and W Martin Luther King Jr Blvd. The current zoning is GO-CO-NP and has a CodeNEXT proposed zoning as MU2-Q, which suggests a mixed-use redevelopment opportunity with a height limit of 65 feet*.
*Buyer to do independent research regarding the redevelopment potential of the property.
Property Highlights
Value Add Multifamily w/ Long Term Redevelopment Potential
11 Unique, Large Townhome Units
0.44 Acres on Hard Corner of San Gabriel and MLK
Close Proximity to The University of Texas at Austin and Downtown Austin
24,063 GSF - 18,528 RSF
Location
State TX
County Travis
Zoning 0.44 acres. The current zoning is GO-CO-NP and has a CodeNEXT proposed zoning as MU2-Q, which suggests a mixed-use redevelopment opportunity with a height limit of 65 feet*.
Interior
Heating See Remarks
Cooling Central Air, Multi Units
Flooring Wood
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected, See Remarks
Waterfront No
View City, City Lights, Downtown, Panoramic, Skyline
Accessibility See Remarks
Total Parking Spaces 22
Building
Sewer Public Sewer
Water Public
Structure Type Concrete, Stucco
New Construction No
Others
Restrictions Zoning
Acceptable Financing See Remarks
Tax Rate 2.17668
Listing Terms See Remarks
Special Listing Condition Standard
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Bought with Non Member
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