Zoning Entitlements in Place

1129-1135 Gunter Street Austin, TX 78702

1129-1135 Gunter Street, Austin, TX, 78702
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1129-1135 Gunter Street, Austin, TX, 78702 1129-1135 Gunter Street, Austin, TX, 78702 1129-1135 Gunter Street, Austin, TX, 78702 1129-1135 Gunter Street, Austin, TX, 78702 1129-1135 Gunter Street, Austin, TX, 78702
FOR SALE
Property Type:
Other Land
Amount:
Please Call Broker for Price

Last Verified:
Jan 18, 2024

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Highlights

  • Potential for approximately 325 residential units with commercial on the ground floor
  • Zoning entitlements in place
  • Explosive development in desirable East Austin submarket
  • Proximity to other recent multifamily, office & retail developments
  • High visibility & easy access along Airport Blvd. (27,900 VPD)

Description

Bid Deadline: November 9

Minutes from downtown Austin, this 3.4-acre mixed-use parcel has zoning entitlements in place for the development of approximately 325 residential units situated above desirable ground floor commercial space.

Often referred to as an “authentic” view of Austin, and possibly the best kept secret in town, the neighborhoods within the East Austin submarket exude an electric, trendy vibe that attracts younger professionals with strong demographics. East Austin is ground zero for thoughtful revitalization and boasts a perfect blend of historic and new construction.

The subject property sits at the corner of Airport Boulevard (Loop 111) and Kirk Avenue, across from a 363-unit, Class-A apartment community currently in development, as well as transformative workplace projects like Springdale General and the Springdale Green project. The East Austin area is rapidly transforming while staying true to its roots, and this sale represents an opportunity to be a part of the journey.

Also Available for Sale:
5916 North Lamar Blvd., Austin, TX
2± 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. East Austin, just two and a half miles east of downtown and one and a half miles east of I-35, is a booming neighborhood full of young professionals and up-and-coming developments – where the heart of Austin truly beats! With its eclectic mix of cultures, vibrant art scene and a rich culinary landscape, this neighborhood is a hotspot for those seeking an authentic Austin experience. It has become synonymous with great food, a vibrant nightlife, lively music, award-wining microbreweries, educational museums, local boutiques and vintage shops. From its historic charm to its thriving tech sector and a welcoming community spirit, East Austin offers the perfect blend of tradition and innovation.


Year Built: 1972
Building Size: 3026sq ft
Lot Size: 3.39 acres


Documents

Brochure - Austin, TX - Gunter - Multi-family Dev Site

Map of 1129-1135 Gunter Street, Austin, TX, 78702

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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:

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  • 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.