830 Airport Blvd
- Prime east Austin development site in proven submarket
- DB(90) zoning allows reduced compatibility setbacks and increased height up to 90 feet
- Existing leases providing interim cash flow and potential for upside
- Over 400' of frontage along Airport Blvd
Property Description
Sayers Real Estate Advisors is pleased to present the exclusive opportunity to acquire 830 Airport Blvd, a prime mixed-use development site located in the heart of East Austin's flourishing Govalle neighborhood. The property is close to emerging major developments at the intersection of Hwy. 183, Cesar Chavez, 7th Street and Airport Blvd. It's in a proven multi-family sub-market with several successful projects in close proximity, along with major mixed-use developments such as the 800,000 sq. ft. J. Paul project and the proposed Borden Dairy redevelopment. The property was successfully rezoned into the new DB(90) category, allowing reduced compatibility setbacks and increased height up to 90 feet. Yield studies completed by Evolve Architects (formerly Kelly Grossman) show development potential from 275 to 376 units. Additionally, the property is currently leased on a multi-tenant basis to five tenants, including Goodwill Industries of Central Texas, generating over $350,000 in gross annual income, with additional upside through lease-up of move-in ready storage, warehouse and yard space.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Lot Size: | 2.51 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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