Multifamily Development Opportunity in South Austin
South Austin Multifamily Development Opportunity
Marketing description
The South Lamar (SoLa) and South Menchaca corridors in Austin are a booming commercial real estate market characterized by heavy redevelopment, mixed-use projects, and high demand driven by its vibrant retail, dining, nightlife, and proximity to downtown, Lady Bird Lake, and Zilker Park, attracting young professionals and investors with its strong rental yields, walkable environment, and trend-focused tenants. Zoning changes encourage density, leading to new Class-A retail, office, and residential developments with significant income growth potential.
Investment highlights
Unique redevelopment opportunity to redevelop a deep 1.3AC lot in hot south Austin! With new zoning ordinances, this lot can now be redeveloped into a 60+ unit apartment building or condo association based on preliminary site plans. South Austin is a high demand market with significant growth potential. Reach out for more details!
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