Multifamily Land for Sale

6314 E MLK Austin, TX 78724

6314 E MLK, Austin, TX, 78724
6314 E MLK, Austin, TX, 78724
FOR SALE
Property Type:
Multifamily Land
Amount:
$3,000,000 to $4,000,000
Last Verified:
Sep 19, 2018

7.276 Acres for Sale on East MLK

  • Located 1/4 mile from Hwy 183
  • 15 Minute Drive from Downtown Austin
  • Water Quality and Detention Basin constructed on site
  •   Over $450,000 in on-site and off-site work accepted by the city
  •   Priced at $21,248 per Dwelling Unit with local commercial, office, and multifamily base zoning uses entitled.
  • Nearby former Freescale Semiconductor campus will become a massive data center with $100M of owner funds invested See ABJ Article
  • Mosaic Sound Collective 3+ acre campus with 25,000 SF building remodel planned for adjacent lot to the east to provide support services for musicians
  • Co-Broker Fee 2%

Additional URLs

Map of 6314 E MLK, Austin, TX, 78724

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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.