512-785-9019
1200 Gibson Street, Austin, TX for Sale
Restaurant - FOR SALE
1/12
null | Request Cap Rate

1200 Gibson Street
Austin, TX 78704
Zilker


HIGHLIGHTS

  • PRIME CENTRAL AUSTIN LOCATION
  • ATTRACTIVE MIXED-USE ZONING IN-PLACE
  • BREATHTAKING VIEWS OF AUSTIN SKYLINE
  • FULL BUILDING PLANS & INFRASTRUCTURE IN PLACE
  • UNDERSERVED CONDO SUBMARKET
  • CLOSE PROXIMITY TO MAJOR EMPLOYERS

OVERVIEW

Walker & Dunlop Investment Sales (“WDIS”) is proud to present a 0.1435-acre urban infill development site located in an irreplaceable South Central Austin location, one (1) block east of South Lamar Boulevard at 1112 South 8th Street, Austin, TX 78704. The Property is currently improved with a 2,800 square foot retail building constructed in 1984, occupied by two (2) tenants on month-to-month leases. The Property’s zoning (CS-1-MU-V-CO-DB90) provides a highly flexible and dense development envelope, allowing for a vertical mixed-use project of up to 90 feet in height. This entitlement supports a range of development strategies, including boutique multifamily with ground-floor retail, for-sale condominiums, or a hybrid mixed-use concept tailored to the surrounding high-income demographic. Given the site’s compact footprint and immediate proximity to South Lamar Boulevard, developers are uniquely positioned to deliver an efficient, design-forward project that capitalizes on skyline views of Austin’s CBD, exceptional walkability, and strong end-user demand.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

CS-1-MU-V-CO-DB90

APN/PARCEL ID

100029

ASK ABOUT THIS PROPERTY

Kyle PecoWalker & DunlopMore Info
512-785-9019

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Kyle PecoWalker & DunlopMore Info
512-785-9019

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.