$999,000

Description

Two Vacant Lots, One Unmatched Opportunity in East Austin Presenting a truly unique investment: two adjoining vacant land parcels at 806 and 900 Willow Street, available for sale together. Located in the coveted East Cesar Chavez neighborhood, these cleared lots offer a combined development opportunity with significant upside in one of Austin's most dynamic areas. The total combined area is 0.299 acres (94' x 138.5'). Please note, tax and property details on this listing may pertain only to one of the two parcels. Buyers should verify all data for both lots. This rare offering allows for a multi-faceted development strategy. The strategic zoning of each lot, particularly the SF-3-NP parcel, provides an opportunity to leverage the City of Austin's HOME Initiative. This forward-thinking program allows for increased density, paving the way to build multiple units on the combined land. This valuable density is a crucial factor in achieving a great return on investment, as it allows a builder to spread land and construction costs across more units. The total buildable area provides a developer with the flexibility to plan a cohesive project, maximize density, and achieve economies of scale in construction. This is an unparalleled chance to acquire a large-scale development site in a high-demand, high-growth urban core. The proximity to downtown Austin and the area's strong market for new residential units make this a compelling and financially sound investment. Seize this opportunity to create a landmark residential project in East Austin.

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