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1221 Interstate 35 Freeway, Austin, Texas 78741 For Sale

15,354.90 Sqft - 1221 Interstate 35 Freeway, Austin, Texas 78741

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Property Description

The property consist of three tax parcels (lots). 200 ft. frontage on the service road on the lower level and being approximately 16,200 sq. ft. of level surface with 1188 sq. ft. that can be renovated or torn down for new development. Upper portion of property that is above the green retaining wall accessed by Lupine street above. Those lots are total of 13,661 sq. ft. by survey. The upper lots are zoned SF-3 and the lower level zoned Commercial/LR. Buyer can redevelop the property and build a 3-5 story mixed use building with outstanding views of downtown city skyline. Tract is served by all utilities. Electricity, water, wastewater, telephone, natural gas and internet and cable. See aerial views from drone shots made of area. The view cannot be blocked in the future from any developments since no properties exist for development between this site and downtown. City owns only lot at NW corner at Riverside Dr. and IH 35 they converted it to dog park so will never be developed. It is the only site that could block the view from this subject property to city. Total Sq. footage of site on both levels is 28,865 sq. feet.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : ACT6940715
Price : $1,850,000
Year Built : 1964
Lot Size : 15,354.90 Sqft
Property Sub Type : See Remarks
Standard Status : Active
Features
View : City, See Remarks, City Lights
Parking : 20
Association Fee : $0
Construction Materials : See Remarks
Foundation : Slab
Parking Features : Gated, Concrete, See Remarks, Asphalt, Direct Access
Sewer : Public Sewer
Utilities : Electricity Connected, Phone Available, Sewer Connected, Water Connected, Natural Gas Available, See Remarks, High Speed Internet
Zoning : property is zoned commercial /LR commercial on the
Address Map
Country : US
State : TX
County : Travis
City : Austin
Zipcode : 78741
Street : Interstate 35
Street Number : 1221
Street Suffix : Freeway
Longitude : W98° 15' 56.5''
Latitude : N30° 14' 43.3''
Directions : Exit riverside drive exit coming downtown from the south. Look to right immediately then pull in front of guard rail in front of property. Coming from the north cross the river bridge and take exit for Woodland Ave and circle back under IH 35 going east on Woodland Dr and left on the service road on IH35 then south to property on right.
Area : 9
Street Dir Prefix : S
MLS Addon
Office Name : Austin Premium Property
Listing Agent Name : David Morrison
List Agent MLSID : ACT168821
List Office MLSID : ACT1019
MLS Status : Active
Parcel Number : 03020602380000
Subdivision Name : Parkinson Lela
Tax Amount (Annual) : $10,366
Virtual Tour Link Unbranded : Click Here
TaxBlock : 11
TaxMapNumber : 2
TaxLegalDescription : LOT 2 PARKINSON LELA SUBD PLUS 1/2 ADJ VAC ALLEY
TaxYear : 2024
ACT_EstimatedTaxes : $10,366
TaxAssessedValue : $572,927
ACT_TaxFilledSqftTotal : 0 Sqft
OriginalListPrice : $1,850,000
PreviousListPrice : $0
SpecialListingConditions : Standard
Importer Addon
Close Prc : $0
C$/SqFt : $0
$SqFt : $0
Commercial Sale For Sale
  • Listing ID : ACT6940715
  • Lot Size : 15,354.90 Sqft
$1,850,000
Agent info
Stacy Caprio
Ready Real Estate
Austin, TX
Contact Agent