Positioned on approximately 3.036 acres (132,245 SF) in the heart of Central Austin, this rare redevelopment opportunity offers exceptional visibility, accessibility, and long-term investment potential. Located directly on US Highway 183 (West Anderson Lane) with approximately 271 feet of highway frontage, the property benefits from outstanding exposure and convenient access to Interstate 35, North Lamar Boulevard, Downtown Austin, and Austin-Bergstrom International Airport. The property is zoned CS-CO-NP (General Commercial Services) with a maximum FAR of 2.0, allowing for a variety of commercial, mixed-use, and multifamily redevelopment opportunities. Situated within a federally designated Opportunity Zone, qualified investors may benefit from capital gains tax incentives while investing in one of Austin's most supply-constrained infill markets. The rectangular, level site is located entirely within the Austin city limits and outside the ETJ. It is situated in Flood Zone X, outside the mapped flood hazard area, with no known easements, encroachments, or title issues, providing an excellent foundation for future development. Existing improvements include an 11,053 SF climate-controlled building, soccer field, basketball court, and 91 surface parking spaces, allowing for immediate occupancy or interim income while redevelopment plans move forward. Water service and high-speed internet are already available on-site. Surrounding developments including The Triangle, ACC Highland, and Crestview Station MetroRail continue to transform the area, driving residential growth, employment, and investment. The three-mile trade area serves approximately 157,000 residents, with projected household income growth exceeding 10.4% over the next five years, supporting continued demand for commercial and mixed-use development. Large redevelopment parcels in Central Austin are increasingly difficult to find. Combining premier highway frontage, flexible zoning, Opportunity Zone benefits, existing improvements, and exceptional connectivity, this property presents a unique opportunity for developers, investors, and owner-users seeking a high-profile asset in one of Austin's fastest-growing and most established submarkets. Contact the listing team for additional information, surveys, zoning information, and offering materials.