Zoning Entitlements in Place
1129-1135 Gunter Street
Austin, TX 78702
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.
