Prime Commercial Hard Corner Lot

600 Cumberland Ave Austin, TX 78704

FOR SALE
Property Type:
Other Land
Amount:
$500,000
Last Verified:
May 15, 2019

Highlights

  • Hard Corner | S 1st St & Cumberland Avenue
  • Zoned GR-V
  • 103' of S 1st St frontage
  • Great Location and core South Austin Demographics
  • Utilities in the adjacent street
  • 3 Adjacent Lots for Sale Individually or together
  • Prime Visibility

Description

Great Commercial Hard Corner with traffic light at intersection. Zoned GR-V with several retail, office, restaurant and other commercial uses. Prime visibility and demographics make the S 1st corridor the next Lamar and Congress development corridor in core South Austin.

Located in Core South Austin on the primary and fast changing S 1st St Corridor. Earmarked the new Lamar and S Congress type growth corridor.

Lot Size: 0.15 acres

Map of 600 Cumberland Ave, Austin, TX, 78704

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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.