East Austin Redevelopment Opportunity
Land | 1.55 acres
Marketing description
Sayers Real Estate Advisors is pleased to present the exclusive opportunity to acquire 1020 Springdale Road, a prime 1.55-acre redevelopment site situated in the heart of East Austin's most dynamic growth corridor. Zoned CS-MU-NP, the property offers a versatile foundation for high-density mixed-use, creative office, or multi-family projects within a proven urban sub-market. Additionally, the site presents a compelling opportunity to be rezoned to increase the allowable Floor Area Ratio (FAR), maximum building height, or both, significantly expanding the project's density and vertical potential. The site is strategically positioned in a Qualified Opportunity Zone (QOZ), providing significant potential for tax incentives and long-term capital appreciation for developers looking to anchor themselves in one of Austin's most sought-after neighborhoods.
The property benefits from an institutional-grade location, situated directly across from the acclaimed Springdale General and the massive Springdale Green office development. As the Airport Blvd corridor continues its rapid transformation, this site sits at the epicenter of a booming district characterized by a surge in Class A multi-family and commercial deliveries. Adjacent to brand-new residential developments and high-traffic creative hubs, 1020 Springdale represents a rare chance to develop a high-visibility project in one of the most vibrant and walkable corridors in urban Austin.
Investment highlights
- Prime 1.55-Acre Footprint: A rare, manageable-scale redevelopment site located in the high-demand East Austin sub-market.
- Flexible CS-MU-NP Zoning: Allows for a diverse range of commercial and multi-family uses, providing maximum flexibility for architectural design and density.
- Qualified Opportunity Zone (QOZ): Ideally located for investors seeking to leverage federal tax benefits through long-term capital gains reinvestment.
- Epicenter of Development: Directly adjacent to new Class A multi-family projects and across the street from the Springdale General and Springdale Green creative hubs.
- Booming Airport Blvd Corridor: Positioned within one of Austin's most vibrant urban corridors, experiencing a massive influx of retail, residential, and commercial investment.
- Superior Connectivity: Provides immediate access to major transit arteries, including Airport Blvd and Hwy 183, linking the site to Downtown Austin and the Airport in minutes.
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