Active

902 & 904 E 7th ST

Austin TX, 78702

$2,695,000


$228.80 per sqft

Active

0.27 Acres

Land

Possible Seller financing option: terms 20% down, 8% interest only, 12-18 months with balloon. TOD zoned land in top location with DT views. A fantastic location for a mixed-use development. A 60ft high mixed-use development is going up to the East of those lots on E 7th st. A brand new high-end office building is going up on E 8th. New rules allow for up to 90ft mixed-use in TOD Zoning, see the article here - https://www.austinmonitor.com/stories/2022/06/council-approves-new-mixed-use-development-rules-and-launches-separate-corridor-proposal/ . Currently, there 1 small home one one lot and a parking lot on the other. Both properties have existing leases for ~$5k/side ( $10K per month total) to allow time for developers to work on plans etc. Links below for the new ALTO and Inf1nity Views projects which are right adjacent to Class A office space next door newly under construction. https://www.loopnet.com/Listing/924-E-7th-St-Austin-TX/23760735/ and https://www.loopnet.com/Listing/809-E-8th-St-Austin-TX/24677303/
Clear unobstructed views of downtown. Located in the Saltillo transit-oriented development (TOD) plan which allows for greater development potential, mixed-use, and less parking. Ready to make your mark in downtown Austin? 902 & 904 E 7th Street gives you the rare opportunity to own a thrilling piece of the action near Highway I-35, close to all the hottest nightlife spots and shops that downtown offers. Enjoy stunning, panoramic skyline views from your front door and take on the exciting investment project of a lifetime. 2 lots combined you can own a quarter of an acre in the middle of Central Austin!

5709332

MLS ID

March 16, 2023

Listed

May 10, 2024

Updated

Map

902 & 904 E 7th ST
Austin TX, 78702

Exterior/Building Features

Lot Size

0.27 Acres


Exterior Features

Exterior Steps, See Remarks


Lot Features

Alley Access, Back Yard, City Lot, Few Trees, Interior Lot, Near Public Transit, Views


Sewer

Public Sewer

School Information

School District

Austin ISD


High School

Austin


Elementary School

Sanchez

Other Property Details

Area Name

5


Taxes

$29,278


Tax Frequency

Annually


Garage

No


View

Yes


View Description

City, Downtown, Panoramic, Skyline


County

Travis


Water Source

Public


Pool

No


Buyer Agency Compensation

3%

Courtesy of Resavvy LLC

Listing Contact: (512) 762-8669

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Record Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.

Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

©2024 Austin/Central Texas Realty Information Service. All rights reserved. 

Database last updated 7:57 PM UTC, 5/10/2024

 

Powered byLuxury Presence