New price! Reduced by $400K to $2.2M. Rare opportunity to acquire a larger piece of land in Central Austin! This property has been in the same family since the 1950's and it’s time to pass it on to its new owners. Zoned MF-3 with many possibilities for future use. While the property is prime for redevelopment, it also has a great 2,286sf home with four bedrooms, two and a half baths and a two-car garage. The home could be leased for current income or used for storage and/or office space in the meantime. One half of the property is completely cleared. Wide streets and mature trees. Peaceful place in Central Austin. Property's higher elevation may offer long distance views. Ideal space future multifamily development or family compound. Near major employers, parks, transit, retail, office space, churches & fun restaurants like Mama Betty’s, Hopdoddy & Tumble 22, to name a few. Feel free to walk the property. Contact listing agent to view the inside of the house. The following examples are not exhaustive but demonstrate a variety of possibilities. 1. Condo/Townhome Development 13 three bedroom units: 1,896sf each, with or w/o garages 2. Condo/Townhome Development 18 two bedroom units: 1,369sf, with or w/o garages 3. Retirement Housing 4. Single Family Residential 5. Residential Family Compound