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:
Jun 26, 2023

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. 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
  • 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.