$308,000

Description

Attention investors and developers: this is the opportunity you've been waiting for in one of East Austin's hottest corridors. Listed at $318,000, this 6,016 sq ft lot in the rapidly transforming Montopolis neighborhood offers land value that far outweighs the existing structure, making it an ideal teardown or infill redevelopment site. Under Austin's HOME Initiative (Phases 1 & 2), this lot may support up to 3 units, with minimum lot sizes reduced to just 2,000 sq ft and at 6,016 sq ft, this parcel comfortably exceeds that threshold, putting multi-unit construction well within reach. The surrounding area is already seeing significant mid-century teardowns replaced by modern multi-story infill, with over 29% of Montopolis homes built after 2010. Median area pricing sits around $360K, with continued upward pressure driven by proximity to downtown Austin and Austin-Bergstrom International Airport. Walkable to the brand-new Montopolis Recreation and Community Center featuring a renovated pool, gym, and community spaces. Close to the Montopolis Bridge transit link and major development corridors along Montopolis Drive. Whether you're looking to build and sell, build and hold, or assemble, this site checks every box. Don't miss your chance to capitalize on East Austin's continued growth. Buyer to verify lot dimensions, zoning classification, and development feasibility with the City of Austin Development Services.

Property Details

Listing Agent