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5525 51St St Austin, TX 78723

308-unit apartment building opportunity.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 4-acre development site, located at 5525 E 51st St in Austin, Texas, presents a compelling investment opportunity. Zoned CS-MU-V-CO-NP, this property allows for a maximum building height of 60 feet and a 2:1 floor area ratio. Situated in the rapidly growing Pecan Springs/Springdale Hills neighborhood along the US-183 corridor, this location benefits from proximity to the thriving Mueller neighborhood, Downtown Austin, and Austin-Bergstrom International Airport. The site's strategic location within a dynamic area experiencing significant growth in office, retail, and multifamily developments makes it an ideal platform for a substantial multifamily project. The existing zoning provides flexibility for a large-scale development, accommodating a substantial number of residential units. This 308-unit apartment building presents a rare chance to capitalize on Austin's robust real estate market and contribute to the ongoing expansion of this vibrant community. The property's substantial size and prime location offer significant potential for long-term value appreciation and strong rental income. Travis County location and 78723 zip code.

Highlights

  • Development site for sale.
  • 4-acre parcel.
  • CS-MU-V-CO-NP zoning.
  • 60-foot maximum height restriction.
  • 2:1 FAR.

Property Details for 5525 51St St

Property type
Apartment buildings
Lot Size (sq. ft)
174,240 SF
Units
308

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.292373
Longitude
-97.666128

FAQs

What type of property is this?
Apartment building - 308-unit apartment building opportunity.
Where is the apartment building located?
The property is located at 5525 51St St Austin, TX.
What are key features of this property?
This property features: Development site for sale.; 4-acre parcel.; CS-MU-V-CO-NP zoning.
How can I contact the broker?
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5525 51St St
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