Residential Site With Potential for 252 Units

Highlights

• Potential for multifamily / student housing development
• Proposed combined total of 642 residential units
• Strong demographics (2.8% Annual Pop. Growth & $118K Avg. HHI - 3 mi.)
• Convenient to major roadways including I-35, Mopac Expy (Loop 1), Hwy 183 & Hwy 290

Description

Bankruptcy Sale: U.S. Bankruptcy Court Western District of Texas (Austin) Petition No. 23-10737-SMR In re: Maya J ATX, LLC
Bid Deadline: October 7 by 5:00 p.m. (CT)
On-Site Inspections: By Appointment Only

This multifamily development site available for sale is located in the heart of the University of Texas at Austin’s downtown campus. Benefiting from Austin’s rapid population growth, proximity to the school and immediate access to major thoroughfares, these properties present highly desirable multifamily residential opportunities.

This site is located within the West Campus neighborhood of Austin, Texas, commonly referred to as Wampus. This area is home to many students attending the University of Texas at Austin (UT Austin), a prestigious research university with over 52,000 students and 3,000 teaching faculty. Nationally and internationally recognized for its academic excellence, UT Austin is considered to be a “Public Ivy”— a public university that provides an Ivy League collegiate experience at a public school price. The school was ranked 32nd among all universities in the U.S. and 9th among public universities according to U.S. News & World Report’s 2024 rankings. Internationally, UT Austin was ranked 43rd in the 2023 “Best Global Universities” ranking by U.S. News & World Report, 43rd in the world by Academic Ranking of World Universities in 2023. UT Austin increased enrollment by 893 students from fall 2022 to fall 2023, according to data from the Texas Higher Education Coordinating Board. The 1.7% change w as the sixth-largest increase among public universities in the state during that time, further fueling the demand for student housing.

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