607-611 Nelray
Redevelopment Ready: MF-3 Zoned Land with Existing Rental Income
Marketing description
Prime Investment Opportunity at 607-611 Nelray Blvd, Austin, TX 78751
This exceptional 0.56-acre property is ideally situated for redevelopment in one of Austin’s most vibrant neighborhoods. Zoned MF-3, the 24,477 sq ft of flat land is perfect for multifamily development, offering minimal site prep with few trees.
Investment highlights
Location: Premium North Loop area, close to N Lamar, surrounded by dynamic commercial and residential growth.
Current Use: Two duplexes and one single-family home, all fully leased, providing immediate rental income.
Zoning: MF-3, ideal for multifamily redevelopment.
Revenue: Collect stable rental income while you plan your project.
Access: Excellent proximity to public transportation, major roadways, and essential amenities.
This property is a rare find, offering substantial development potential and immediate cash flow. Priced for a quick sale, it’s an outstanding opportunity for savvy investors and developers.
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