1111 W 24th St
- 0.47 AC Redevelopment Opportunity
- Prominent West Campus location (home to around 17,000 students)
- Aprox. 125' of frontage on W 24th St (main West Campus thoroughfare)
- UT Austin Student Housing Opportunity (54,000 students as of Fall 2024)
Property Description
Sayers Real Estate Advisors is pleased to present the exclusive opportunity to acquire 1111 W 24th St, a 0.47-acre redevelopment opportunity located in Austin's West Campus neighborhood near the University of Texas. The property is well-positioned with approximately 125' of frontage along W 24th St, offering exceptional visibility along this important corridor with strong traffic counts. The current improvements include a 7,670-square-foot two-story brick office building and paved parking lot. Importantly, the recently approved Texas Senate Bill 840 (SB840) enhances the development potential of the site. The bill allows for residential use by right, reduces setbacks related to compatibility standards, and increases allowable building height on the property. West Campus is home to around 17,000 students and serves as the primary off-campus housing market for the University of Texas at Austin, which has a Fall enrollment of approximately 58,000 students and continues to grow.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| No. of Units: | 2 |
| Year Built: | 1950 |
| Lot Size: | 0.47 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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