49 Acre Industrial Tract in the Tesla sub-market

McAngus Rd Austn, TX 78617

McAngus Rd, Austn, TX, 78617
McAngus Rd, Austn, TX, 78617 McAngus Rd, Austn, TX, 78617
FOR SALE
Property Type:
Commercial Land Development
Amount:
$13,940,965
Cap Rate:
0.00%
Last Verified:
Nov 15, 2023
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Ideal Industrial and/or multi-family (MF) tract in the booming Tesla sub-market. This listing is located in a Texas Opportunity Zone and has close proximity to Tesla, Gigafactory, ABIA, and COTA. No portion of the Property lies within the 100 year floodplain. All utilities available through the City of Austin. There is a cell tower located on the NE corner of the Property that the seller desires to retain. It is not included in the acreage. The Airport Overlay Zone 3 (AO-3) is on the western 75% of the property and it precludes any residential development, however the eastern 25% (approximately 12 acres) would be ideally suited for an MF garden-style product. Seller has indicated a willingness to accept offers on the MF portion only.

Map of McAngus Rd, Austn, 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
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  • 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.