Rare opportunity to own a part of South 1st Street! A mile from downtown straight up South 1st. Rent or owner occupy renovated 1936 Vintage building. * New affordable housing, height and density incentives via City of Austin! (see City Code). * City has lifted parking requirements!!! (this enables greater development potential - see City Code for details) * Huge Commercial / Residential development potential: CS up to 65' height; Or just put tiny houses/offices in back to triple the income! * 95% impervious could allow up to potentially 20,000+/- rentable square feet (with City approval). * Owner Financing available *for qualified borrowers.