306 W Stassney Ln - Residential Income FOR SALE


Austin, TX 78745- West Congress
$995,000 USD
512-300-3622
306 W Stassney Ln, Austin, TX for Sale
$995,000 USD
Residential Income - FOR SALE
1/24
null | Request Cap Rate

306 W Stassney Ln
Austin, TX 78745
West Congress


HIGHLIGHTS

  • Major road visibility
  • redevelopment opportunity - Residential or Commercial
  • Updated 2022

OVERVIEW

306 W Stassney Lane is a unique opportunity /w current residential tenants in place to cover costs while commercial development options or Residential development under SB840 are explored. SB840 allows up to 54 units per acre and reduces compatibility setbacks, call COA for info. The property totals .44 acres with two separate updated buildings (2022) that could easily be converted to offices, additional fencing and landscaping done in pictures, multiple storage buildings on property. Ample parking in the front with green areas in the back that could be converted for additional parking, Stassney frontage allows for great visibility. GO-MU-NP zoning, suited for a wide range of professional uses including medical, wellness, creative studios, professional offices, or live/work concepts.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$620 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

GO-MU

APN/PARCEL ID

325150

ASK ABOUT THIS PROPERTY

Harrison CarrCompass RE Texas, LlcMore Info
512-300-3622

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Harrison CarrCompass RE Texas, LlcMore Info
512-300-3622

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.