1221 S Interstate 35 South Highway, Austin, TX 78741
Parkinson Lela · Travis County
Key Facts
Description
The property consist of three tax parcels (lots). 200 ft. frontage on the service road on the lower level and being approximately 16,200 sq. ft. of level surface with 1188 sq. ft. that can be renovated or torn down for new development. Upper portion of property that is above the green retaining wall accessed by Lupine street above. Those lots are total of 13,661 sq. ft. by survey. The upper lots are zoned SF-3 and the lower level zoned Commercial/LR. Buyer can redevelop the property and build a 3-5 story mixed use building with outstanding views of downtown city skyline. Tract is served by all utilities. Electricity, water, wastewater, telephone, natural gas and internet and cable. See aerial views from drone shots made of area. The view cannot be blocked in the future from any developments since no properties exist for development between this site and downtown.
Property Information
Property Type
Commercial Sale
Year Built
1964
Living Area
28,965 sq ft
Lot Size
0.66 acres
Parking Spaces
20
Zoning
The lower level of the pr
Days on Market
376
MLS® Listing#
2631581
Property Features
Interior
Parking
Lot Features
Construction
Foundation
Other Structures
Utilities
Financial Details
Annual Taxes
$12,306
Tax year 2021
Assessed Value
$565,350
Parcel Number
0302060238
Directions
Exit riverside drive exit coming downtown from the south. Look to right immediately then pull in front of guard rail in front of property. Coming from the north cross the river bridge and take exit for Woodland Ave and circle back under IH 35 going east on Woodland Dr and left on the service road on IH35 then south to property on right.
Affordability Calculator
$440,000
Estimated monthly payment
$11,709/mo
Principal $1,760,000 · Est. interest $2,455,357 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Austin, TX
- $550,135
- Median Listing Price
- 57
- Median Days on Market
- 1,840
- Median Sq Ft
- $324
- Median Price / Sq Ft
- 5,416
- Active Listings
- This home’s price is 300% above the area median.
- Its price per sq ft is 77% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Austin, TX.
Location
- 1221 S Interstate 35 South Highway, Austin, TX 78741
Points of Interest in Austin, TX
Showing the Austin area map.
Nearby Schools
Acton Academy
School · 0.2 mi away
Texas Association of Secondary School Principals
Secondary · 0.5 mi away
Martin Middle School
Secondary · 0.6 mi away
Travis Heights Elementary School
Elementary · 0.8 mi away
Sanchez Elementary School
Elementary · 0.9 mi away
Academia Preescolar
School · 0.9 mi away
Waterloo School Austin
Secondary · 0.9 mi away
Cuauhtli Academy
School · 0.9 mi away
Fulmore Middle School
Secondary · 0.9 mi away
Metz Elementary School
Elementary · 1.0 mi away
TSD Middle School
School · 1.0 mi away
Statewide Outreach Center at Texas School for the Deaf
School · 1.0 mi away
Travis Early College High School
Secondary School · 1.0 mi away
Zavala Elementary School
Elementary · 1.2 mi away
St Ignatius Martyr School
School · 1.2 mi away
Idea Public Schools - Austin
Elementary · 1.3 mi away
Huntington-Surrey School
School · 1.3 mi away
Travis County Juvenile Detention Center
Secondary · 1.4 mi away
Leadership Academy
School · 1.4 mi away
UT - Elementary School
Elementary · 1.4 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Austin
Listing Courtesy: Austin Premium Property - (512) 320-8040
Last Updated: 2023-01-20