This listing is under contract.

1.517 Acre Commercial Site in Goodnight Austin

Stockman Drive Austin, TX 78747

Stockman Drive, Austin, TX, 78747
Stockman Drive, Austin, TX, 78747
Property Type:
Other Land
Cap Rate:
Last Verified:
Jun 01, 2023

Approximately 1.517 Acres located on south side of Stockman Dr. roughly 700 feet west of intersection Capital View Drive and Stockman Dr. Approximately 342 feet of frontage on Stockman Dr. Zoned Planned Unit Development, No portion of the property is in the FEMA floodplain, All utilities available through the City of Austin (to be delivered by seller). This commercial site is within Austin's newest master planned community Goodnight Austin, where there are approvals for 6,308 residential units and 735,000 sf of commercial space within. South Park Meadows is approximately 1.5 miles away at IH-35 and Slaughter Lane and offers full retail support services. Austin ISD's Blazier Elementary educates approximately 900 students grades K-5 and is within the Goodnight Austin development. The developers of Goodnight Austin have created a Park District, which includes a 3 miles jogging trail throughout the development, and an Education Fund to benefit the residents of these future apartment projects. This site includes off-site detention and water quality plus have the Parkland dedication fee paid. Site allows for up to 65% impervious cover for commercial use and 70% for civic uses.

Map of Stockman Drive, Austin, TX, 78747

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.