6011 Bolm Rd
1/2+ acre site SHOVEL READY 12 unit condos in central east Austin location
Marketing description
Opportunity to acquire ENTITLED corner development site in booming East Austin. Building Permits in hand in sought-after Opportunity Zone. Use current plans, or imagine something equally amazing! Zoning is GR - MU - NP, allowing for commercial, residential, multi-family, hotel, or other. Ideal for short-term or corporate-housing community. Permitted plans include four buildings, 12 residential units, 23,026 sf, designed by award-winning Kipp Flores Architects. Additional documents, plans and details available upon request.
Lot Size (Acres): 0.59
Central Austin Area 5
Opportunity Zone
Zoned GR-MU-NP
Shovel Ready: building permits issued
Level, cleared, vacant Land
Permitted for 12 units, 23,026 sf. condo or multi-family
Feasibility, architecture, soil samples, and engineering complete - saving years off your project timeline.
Investment highlights
LOCATION
Corner lot location with great visibility includes hard corner: with Gardner to the East and Bolm Rd to the north. Bolm has a dedicated exit from 183. This cut-through from Airport to 183 sees 6300 vehicles/day.
CENTRAL
Site is 3 miles to downtown and CBD in vibrant east Austin. Easily access ABIA, COTA, and major arteries including toll 130 and Hwy 183.
OPPORTUNITY ZONE
Owners can take advantage of federal Opportunity Zone status, which can defer, reduce, or even eliminate capital gains taxes depending on hold period.
MARKET DEMAND
New construction condo closings are up 116% year over year, with an average per-unit sales price of over $720,000. Nearby developments include Trailhead/Trailhead East [530 units, 0.5 miles to the west], and Libertad Austin [198 units, .25 miles to the south].
POTENTIAL OWNER FINANCING AVAILABLE
One-half of sales price down; interest-only loan, 6%; two-year balloon; no penalty for early pay-off.
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