$525,000

Description

Prime development opportunity in the heart of the Webberville Entertainment District, surrounded by top destinations like Kitty Cohen’s, Murray’s Tavern, Veracruz Tacos, and Desnudo Coffee. The property features fully approved site plans and building permits for a ~5,300 SF boutique short-term rental (STR) villa compound, offering a rare, near shovel-ready opportunity in one of Austin’s most dynamic corridors. Skip the entitlement process and move directly into development or adapt the existing floor plans for your need with a Site Plan Amendment The approved design consists of a dual-villa layout: A 7-bedroom, 4.5-bath, three-story primary villa designed to accommodate large groups A 4-bedroom, 3-bath, two-story secondary villa providing additional capacity. This configuration creates a highly functional boutique hospitality-style asset, ideal for group travel, co-living, or hybrid STR strategies with multiple rentable units. Zoned CS-CO-MU-NP, the site allows for a wide range of uses including retail, restaurant, creative, or hospitality. The approved building footprint can also be modified for an alternative or less intensive use through a City site plan modification, providing additional optionality for developers. Can be changed into single story restaurant, or other uses under CS-CO-MU-NP Ideal for investors or developers seeking a streamlined STR villa project with scale, flexibility, and immediate proximity to East Austin’s top entertainment nodes.

Property Details

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