6981 McKinney Falls Parkway
Land | 6.997 acres
Marketing description
Engel & Volkers and McAllister & Associates are proud to offer 6981 McKinney Falls Parkway in Austin, TX.
Prime Unrestricted Acreage Minutes from Austin Hotspots. Unlock the potential of 6981 McKinney Falls Parkway — a rare opportunity to own unrestricted land in Austin’s ETJ. Ideally positioned just 5 miles from ABIA, 8 miles from downtown Austin, and 12 miles from the Tesla Gigafactory, this property offers unbeatable access to major employers, transit corridors, and lifestyle amenities. With no zoning restrictions, the possibilities are endless: Residential or multifamily development, Industrial or commercial use, Mixed-use concepts or build-to-suit projects. This is your chance to secure a strategic piece of land in one of the fastest-growing areas of Central Texas.
The Easton Park master-planned community is located within 0.25 miles of the property. When complete, the project is anticipated to have 14,300 residential units and 5.35 million square feet of commercial real estate. On the parcel directly next to the development site, is The Limestone Ridge Senior Apartments Development. Limestone Ridge provides a 225- unit multifamily apartment project. Located 0.2 miles from the site is McKinney Falls Apartment Complex. The 312 unit complex opened in March 2020. Another 288 units, Meadows Apartments opened in 2023 and are a mile away. Right on McKinney Falls Parkway you have Vantage at McKinney Heights with 288 units that opened in February 2024. Also nearby on William Cannon are the Ivy Heights apartments that opened in March 2025 with 300 units.
This site resides in Southeast Austin with a daily traffic count of 9754. The abundance of commercial development, including multi-family and retail, complements the population surge in the immediate vicinity.
The parcels of land located at the northwest and southwest corners of McKinney Falls Part and East William Cannon Drive in Austin, Texas were sold for an undisclosed price in January 2020 to HEB, the popular grocery store chain. The new location has an expected opening date of late 2027.
Investment highlights
-6.998 Acres
-Attractive tax rate of only 2.0475%
-Opportunity Zone
-$3,500,000 ($10.50 per square foot)
-Less than 5 miles from ABIA, 12 miles from Tesla and 8 miles from Downtown Austin
-Jurisdiction: Travis County- Outside of Austin ETJ- No zoning- ETJ
-Fully entitled
-Permits and building plans available upon request
Shovel/Dirt ready
UTILITIES & SERVICES
Electric: Austin Energy
Water: City of Austin
Gas: Texas Gas
Cable/Internet: Spectrum & Google Fiber
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