www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
26840040
26840039

6981 McKinney Falls Pkwy, Austin, TX 78744

CW
TX TX 828767
McAllister and Associates
TM
TX 617850
Engel & Volkers Austin Westlake
Listed by McAllister and Associates, Engel & Volkers Austin Westlake
$2,950,000
1816 days on market
Updated 25 days ago
Opportunity zone

6981 McKinney Falls Parkway

Details
Property Type Land
Sub Type Commercial
Acreage 6.997
Zoning Austin ETJ

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

Listing Contacts

CW
TX TX 828767
McAllister and Associates
TM
TX 617850
Engel & Volkers Austin Westlake
Listed by McAllister and Associates, Engel & Volkers Austin Westlake

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Charlice Wehbe
License
TX 828767
Brokerage
McAllister & Associates
Brokerage Phone
5124722100
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591