5549 Mcneil DrAustin, TX 78729

Property Details for 5549 Mcneil Dr

Lot size

2.90 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional ±2.902-acre commercial and residential land parcel presents a unique investment opportunity in Austin, Texas. Located at 5549 McNeil Drive in Travis County, zip code 78729, this property boasts an already approved site development plan for the construction of 106 multifamily units. The zoning designation is ETJ (Extraterritorial Jurisdiction), situated within a 2-mile radius of Austin city limits. The site's strategic location offers unparalleled convenience, directly across from McNeil High School and just 0.75 miles from the intersection of McNeil Drive and Parmer Lane. Enjoy easy access to major transportation arteries, including Loop 1 (MoPac Expressway) and Highway 183 (Research Boulevard), ensuring seamless connectivity throughout the Austin metropolitan area. The property benefits from its proximity to a robust employment base, with major employers such as Apple, Oracle, Cisco, eBay, and EA Sports located nearby, creating a strong demand for residential housing. This turnkey development opportunity allows for immediate commencement of construction, leveraging the existing approved site plan to expedite the project timeline and minimize pre-construction hurdles. The asking price for this prime Austin real estate is $2,150,000.

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.4476

Longitude

-97.7302

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