512-785-9019
2323 Town Lake Cir, Austin, TX for Sale
Apartments - FOR SALE
1/11
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2323 Town Lake Cir
Austin, TX 78741
South Shore


HIGHLIGHTS

  • Exceptional Covered-Land Investment Opportunity
  • 160-Foot Development Entitlements Create Significant Upside Optionality
  • Irreplaceable Lady Bird Lake Location
  • Value-Add Opportunity
  • Compelling Basis for Multifamily Value Creation

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

42

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Spoke at South Shore Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,276 SF

ZONING

ERC-CMU, Austin

APN/PARCEL ID

939537

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.