2.8 acres Townhome/Garden Home/Condo Project Site in the heart of East Austin.
4720 Loyola Lane
Austin, TX 78723
Residential Land Development
Mar 10, 2023
This tract is an ideal Townhome/Garden Home/Condo Project Site centrally located in East Austin just 1/2 mile from Highway 183. This site is located in University Hills Neighborhood with all utilities available from the City of Austin. This listing is in a HUD designated 2023 Qualified Census Tract (QCT) allowing for Low-Income Housing Tax Credit.
No portion of the Property lies within the 100-year FEMA floodplain. Approx. 0.68 acres is zoned GR-MU-CO-NP (Community Commercial, Mixed-Use, Conditional Overlay, Neighborhood Plan) and approx. 2.18 acres is zoned SF-6,NP (Townhome/Condominium Residential, Neighborhood Plan)
Map of 4720 Loyola Lane, Austin, TX, 78723
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.