For Sale
5916 N Lamar Blvd
Austin, TX 78752
Highlights
- Potential for 326-unit multifamily building
- Fully entitled - site plan & building permits
- Ideal for affordable housing development within Austin’s Midtown submarket
- High visibility & easy access along N. Lamar (25,000 VPD)
- Convenient access to all major roadways
- Just 3.5 miles north of University of Texas at Austin campus
Description
Bid Deadline: December 15
Just five miles north of downtown Austin, three and a half miles north of the University of Texas at Austin and mere blocks from Austin Community College Highland campus, this premier 2± acre development site is located in an area of high growth within the Midtown Austin submarket.
The site is fully entitled with its site plan and building permits and will boast seven stories of multifamily units situated above ground floor commercial space. Adjacent to Austin-based burger stand, P. Terry’s, and directly across the street from the Texas Department of Public Safety, this property benefits from high visibility along the heavily traveled Lamar Boulevard.
Not only does the development site have excellent access to major area thoroughfares, including I-35, MoPac Expressway and more, it will also have convenient access to Austin’s approved future light rail project. Future residents will benefit from intermodal transit connecting them to the greater Austin area.
Also Available for Sale:
1129-1135 Gunter Street, Austin, TX
3.4± AC Mixed-Use Development Site
Hilco Real Estate, LLC in cooperation with Broker Paul A. Lynn & Assoc., LLC TREC #9000489, Paul A. Lynn, TX Broker, Lic. #0244902.
Austin ranks as the 10th largest city in the United States and is experiencing unprecedented growth. For people looking to enjoy the dynamic growth but want a more relaxed atmosphere at home, Midtown is the epitome of relaxed urban living. Nestled in the heart of the city limits, it offers the perfect balance between a tranquil suburban atmosphere and easy access to Austin’s vibrant downtown scene. With tree-lined streets, excellent schools and charming homes, it’s a haven for those seeking an excellent quality of life. Plus, its proximity to local parks, trendy coffee shops and diverse dining options make it an ideal place for those who value a close-knit community with all the perks of city life.
