Walker & Dunlop Investment Sales has been exclusively retained to offer qualified investors the opportunity to acquire the fee simple interest in The Spoke at South Shore Apartments (the “Property”), a 42-unit three-story multifamily community situated on approximately 1.04 acres in Austin’s rapidly evolving East Riverside corridor. Located just south of Lady Bird Lake and minutes from Downtown Austin, the Property offers exceptional access to the city’s premier employment, entertainment, and lifestyle destinations, including the Central Business District, South Congress, East Austin, and the Lady Bird Lake trail system. The Spoke also benefits from immediate proximity to Oracle’s Austin campus, which is designed to accommodate ~10,000 employees once fully built-out.
The Spoke offers a differentiated investment opportunity combining existing income, near-term upside, and long-term optionality. Investors can enhance operating performance through continued interior renovations and strategic property improvements while benefiting from the long-term fundamentals of a high-growth urban submarket. Additionally, the Property’s East Riverside Corridor–Corridor Mixed Use (ERC-CMU) zoning, location within the ERC Hub, and eligibility for development bonus height of up to 160 feet provide significant future redevelopment potential. This combination of current cash flow, value-add potential, and development flexibility creates a compelling covered-land investment opportunity in Central Austin.