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27408517
27408516

729 Airport Blvd, Austin, TX 78702

$3,500,000
239 days on market
Updated 97 days ago
Opportunity zone

Airport Blvd

Details
Property Type Industrial, Mixed Use
Sub Type Warehouse
Square Footage 8,400
Units 3
Occupancy 100%
Tenancy Multi
Price per SqFt $417
Year Built 1970
Buildings 3
Stories 1
Acreage 0.820
Zoning CS-MU-CO-NP
Parking Spaces 20 spaces
Parking Per SqFt 2.38
Occupancy Date 10/08/2025
Ownership Full

Incredible Development Opportunity - Airport Blvd

Marketing description

2 properties (727 & 729 Airport Blvd). According to Austin's Guide to Zoning, CS-MU-CO-NP permits the following uses: up to 95% building coverage, 95% impervious cover, and a 2:1 Floor Area Ratio (FAR). This would mean that nearly the entire property can be developed with impervious surfaces, and the building itself can cover almost the entire lot, depending on any requirement for a detention pond. With a FAR of 2:1, the property may support a building totaling up to 71,650 square feet—twice the size of the lot area. Additionally, the zoning allows for a building height of up to 60 feet.

With the property's Mixed-Use (MU) zoning, which allows for both commercial and residential development, combined with the generous allowances for impervious cover and Floor Area Ratio (FAR), the highest and best use could potentially be a "multi-family over commercial" design— similar to those being developed throughout the area, including just across 183. Incorporating underground parking would maximize the potential of the space, creating a ground-floor commercial area (ideal for retail, office, or other uses), while allowing for 3 to 4 stories of residential units (either condominiums or apartments) above. This approach not only optimizes the land use but also aligns with current development trends in the region.

Zoning CS-MU-CO-NP: Administrative and medical offices Financial services and business schools Art gallery and workshop Auto rentals, repair, sales, and washing Building support services and maintenance Convenience storage (self storage) General retail Hotel and motel Indoor entertainment Restaurants, and Limited warehousing New Roofs were installed on all three buildings in August 2025.


All information provided is deemed reliable but not guaranteed.

Investment highlights

With the property's Mixed-Use (MU) zoning, which allows for both commercial and residential development, combined with the generous allowances for impervious cover and Floor Area Ratio (FAR), the highest and best use could potentially be a "multi-family over commercial" design— similar to those being developed throughout the area, including just across 183. Incorporating underground parking would maximize the potential of the space, creating a ground-floor commercial area (ideal for retail, office, or other uses), while allowing for 3 to 4 stories of residential units (either condominiums or apartments) above. This approach not only optimizes the land use but also aligns with current development trends in the region.

Zoning CS-MU-CO-NP: Administrative and medical offices Financial services and business schools Art gallery and workshop Auto rentals, repair, sales, and washing Building support services and maintenance Convenience storage (self storage) General retail Hotel and motel Indoor entertainment Restaurants, and Limited warehousing New Roofs were installed on all three buildings in August 2025.

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Additional Information

Name
Stefan Benteler
License
728086
Brokerage
Compass RE Texas, LLC
Brokerage Phone
(512) 575-3644
Title
Broker of Record
Brokerage Address
14010 N HWY 183 Suite 400 Austin, Texas 78717
Name
Stefan Benteler
License
728086
Brokerage
Compass RE Texas
Brokerage Phone
512 241 1300
Title
Real Estate Broker
Brokerage Address
14010 North Highway 183
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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