11-Acre Commercial Development Tract on US HWY 183

7007 S Hwy 183 South Highway 183 Austin, TX 78744

7007 S Hwy 183 South Highway 183 , Austin, TX, 78744
7007 S Hwy 183 South Highway 183 , Austin, TX, 78744 7007 S Hwy 183 South Highway 183 , Austin, TX, 78744 7007 S Hwy 183 South Highway 183 , Austin, TX, 78744
FOR SALE
Property Type:
Multifamily Land
Amount:
$4,132,434
Cap Rate:
0.00%
Last Verified:
Jan 31, 2025

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Daily Blasts Dates

Feb 20, 2025 19:13:06

Feb 11, 2025 20:16:03



Ideal industrial or multi-family development tract with its frontage on HWY 183 and FM812 under ½ mile north. Property located in a Texas Opportunity Zone and a 2025 designated Qualified Census Tract (QCT). There is a double-wide/mobile home that is not part of the offering and will be moved off Property prior to closing. Located on the eastern frontage of HWY 183, 0.5 mile south of the US HWY 183 and FM812 intersection. No portion of the Property lies within the FEMA 100-year floodplain. Property located in the Austin ETJ and therefore not zoned. Utilities: Water – City of Austin (8” line), Electricity – Bluebonnet Electric, and Wastewater – Existing improvements being serviced by an on-site septic facility. There is a 12” City of Austin wastewater line approx. 1500 south and across HWY 183 from the Property. Frontage on HWY 183, Creedmoor Dr. and Viewing Place. Tax Incentives include Texas Opportunity Zone and 2025 designated Qualified Census Tract (QCT).

Map of 7007 S Hwy 183 South Highway 183 , Austin, TX, 78744

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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.