Multifamily Development Opportunity – Lake Austin 78732 For Sale

  • $598000

Multifamily Development Opportunity – Lake Austin 78732

Large property located at the back of Steiner Ranch within .2 miles to boat slips and boat ramp/city park on Lake Austin. Located directly across from the beautiful Lake Austin Day Spa. Septic needed and in 100 yr flood zone but only need to build 24 inches up. This property has unrestricted zoning and is a great opportunity to subdivide and build multiple homes, townhomes, etc.

Numbers:

•Purchase: $598,000

•Cost/Acre: $268,764

•Taxes: $5,164

 

Highlights:

•2.225-acre site, very buildable and mostly cleared land

•Electric service located on property and city water access at street

•Seller has completed a preliminary feasibility study suggesting 20% impervious coverage is permitted (needs to be verified)

•Survey available upon request

•Drone Video: https://youtu.be/mz15InjlUzM

Please let us know if you or someone you know might be interested. Email, call or text us at 512-535-5554. Click Here for the Investor Packet including detailed financials, comps, pictures, and more.

•$5,000 Non-Refundable Deposit & signed agreement to secure contract

•Properties are sold on a ‘first come, first serve’ basis

•Buyer pays standard closing costs incl. title and a new survey, if required

•Buyers responsibility to do their own due diligence and verify all information

Price:
$598000
Address:
12700 River Bend
Austin, Texas 78732
Lot Size:
2.25 acre
Terms:
For Sale
Property Type:
Home

Call 512-535-5554 for more details

Property Location

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