3 Multi-Family Development Sites in Tesla Sub-market

Ross Road and McAngus Road Austin, TX 78617

Ross Road and McAngus Road, Austin, TX, 78617
Ross Road and McAngus Road, Austin, TX, 78617
FOR SALE
Property Type:
Multifamily Land
Amount:
$16,000,000
Last Verified:
Dec 13, 2022

Approximately 42.993 acres in 3 tracts located in Tesla Sub-market. Located at the intersection of the recently completed extension of Ross Road and McAngus Road. All three sites must be conveyed in one transaction. Lots will have final platting with utilities stubbed to site. Each site will require on-site detention / filtration. No portion of the sites reside in the FEMA floodplain. Located in a Texas Opportunity Zone.

Map of Ross Road and McAngus Road, Austin, TX, 78617

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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.