7400 Mcangus RdDel Valle, TX 78617

Property Details for 7400 Mcangus Rd

Lot size

42.99 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional offering presents three strategically located multifamily development sites totaling 42.99 acres in Del Valle, Texas, a rapidly growing suburb of Austin. Situated less than a mile east of TX-130, these sites provide unparalleled access to major employment centers and key attractions, including Austin-Bergstrom International Airport, the Tesla Gigafactory, and Circuit of the Americas. The properties are zoned MF-4, offering diverse development possibilities. Tract 1, encompassing 26.99 acres, has a conditional overlay permitting up to 212 units. Tracts 2 (8.27 acres) and 3 (7.73 acres) allow for 36-54 units per acre, depending on unit size. Permitted uses include garden-style multifamily, build-to-rent, townhomes, senior housing, and single-family residential. The sites benefit from their location within the Del Valle Independent School District, close to Popham Elementary, Del Valle Middle, and Del Valle High School. The Austin-Round Rock MSA experienced significant population growth (32% between 2019 and 2020), and market forecasts predict strong rent growth in suburban areas like Del Valle in 2024. This presents a compelling investment opportunity for developers seeking to capitalize on Austin's robust real estate market. Purchasers are responsible for conducting their own due diligence regarding zoning, allowable unit counts, and utilities. The asking price is $10,175,000. Individual tract pricing is available upon request.

Location Insight

City

Del Valle

County

Travis

State

Texas

Latitude

30.153

Longitude

-97.6404

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