6th St and I35 Corner Lot - Visibility Dream!

517 N I-35 Service Rd Austin, TX 78701

517 N I-35 Service Rd, Austin, TX, 78701
517 N I-35 Service Rd, Austin, TX, 78701 517 N I-35 Service Rd, Austin, TX, 78701
FOR SALE
Property Type:
Other Land
Amount:
Please Call Broker for Price

Last Verified:
Oct 19, 2023

Highlights

  • Development Project for the Creatives to Maximize the utility of some of Austin's most highly coveted land.
  • Create a plan to optimize the value of this sought-after .1192-acre land parcel with ambitious plans that could be a mixed-use concepts or capitalize on the extreme visibility for maximization of advertising for ultimate brand recognition.
  • Location: The property is located on 6th Street, which is a major commercial corridor in Austin. The area is home to a variety of businesses, including restaurants, bars, retail stores, and offices. The area is also well known to world wide travelers as a popular tourist destination.
  • Visibility: The property is highly visible from 6th Street and I35, which means that businesses located there would have a lot of exposure to potential customers. 165K vehicles a day!
  • Investors and potential partners should be aware that further market research and feasibility studies will be required to ensure their development plan's success.

Description

BUY THE HOTTEST CORNER IN AUSTIN TEXAS!

PRIME LOCATION IN DOWNTOWN AUSTIN Corner of E 6th St & 35. Next Door to Eastside Music School, World Liquor and Encore Records.

Building Size: 1568sq ft
Lot Size: 0.12 acres


Documents

FEMA_Map_517_IH_35.pdf

Map of 517 N I-35 Service Rd, Austin, TX, 78701

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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.