Kirkland
14.28-acre Mixed Use Development Land
Marketing description
This land's prime location offers unmatched proximity to major infrastructure and high-traffic areas, making it an ideal investment opportunity. Located in a Qualified Census Tract, it's eligible for Low-Income Housing Tax Credits. Being adjacent to the new Tesla Giga Factory ensures future growth potential, while its closeness to Toll130, with over 55,000 vehicles passing daily, guarantees excellent visibility and access. Additionally, with key landmarks like the Samsung Austin Semiconductor Facility, Austin Bergstrom Airport, and Amazon Distribution Center nearby, the site benefits from a strategic position in a rapidly expanding economic hub, providing access to business, transportation, distribution, multi-family, retail, and other opportunities.
This 2.23-acre land offers an opportunity for retail development, was permitted, through Austin but not longer apart of ETJ, to build for maximum use, 24,000 square-foot structure. Located in a growing area with a shortage of strip malls and retail spaces, this land enjoys excellent traffic due to its proximity to numerous homes, businesses, and a substantial workforce. The Austin East submarket is known for its logistical focus, making this a strategic location for retail. The area also boasts strong rent growth, averaging 5% annually, and the typical triple net lease rate is around $13 per square foot.
This 7.2-acre parcel of land was fully permitted for the construction of six 10,000-square-foot warehouses through the city of Austin, but no longer a part of ETJ, and only needs approvals through the county. It offers wastewater management directed to the north and features a prime location near the Tesla site, with convenient access to Toll 130. The surrounding area's economic growth further enhances its potential for various industrial, supplier, multi-family, and storage opportunities. The site comes with a complete set of engineered Civil Plans, including water quality management and a permitted driveway across a floodplain, ensuring maximum use and development flexibility.
Investment highlights
Prime Location:
- ADJACENT to New Tesla Giga Factory
- Located within a QCT:
Eligible for Low-Income Housing Tax Credits
- Less than a Mile from Toll130:
(Traffic Count of 55,355)
- Frontage along Freeway 969:
(Traffic Count Approx. 10,000)
- 10 Miles: Samsung Semiconductor Facility
($45 Billion Expansion)
- 7 Miles: Austin Bergstrom Airport
- 6 Miles: Amazon Distribution Center
- 10 Miles: Austin Business District
Key Retail Points
- 2 acres of retail land was permitted for a 20,000 sq. ft. building
- High demand with a lack of retail and strip malls nearby
- Strong traffic from surrounding homes, businesses, and workforce
- Average triple nets: $13 per sq. ft.
- Rent growth: 5% annually
- Located in Austin East, a logistics-focused submarket
- Utilities along FM 969 with 3 Phase Power (Sewer access 700 ft from property with easement)
Key Multi-Family/ Industrial/ Warehouse Features:
- IN a QCT (Qualified Census Track): Eligible for Low-Income Housing Tax Credit
- 7.2 acres of land was permitted for six 10,000 sq. ft. warehouses.
- Prime location near Tesla site with easy access to Toll 130.
- Full set of engineered Civil Plans, including water quality plans permitted driveway across floodplain
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