3019 12Th StAustin, TX 78702

Property Details for 3019 12Th St

Year built

1936

Construction

WOOD FRAME

Lot size

0.53 AC

Property size (Sq ft)

528 SF

Property type

Apartment buildings

APN

209140205

APU

209140205

Description

This exceptional 0.53-acre development opportunity is located at 3019 E 12th St, Austin, TX 78702, in Travis County. The property boasts CS-MU-V-CO-NP zoning, allowing for a variety of commercial and residential uses. Its strategic location offers convenient access to major thoroughfares, including proximity to I-35, US-183, TX-71, and Mopac Expy, ensuring seamless connectivity throughout the city. The site benefits from its close proximity to Austin's vibrant entertainment and retail districts, including the East 6th District (5 minutes), Austin-Bergstrom International Airport (ABIA) (6 minutes), the University of Texas (8 minutes), Downtown Austin (10 minutes), and the SOCO District (12 minutes). This prime location capitalizes on Austin's explosive growth, evidenced by the addition of over 90,000 housing units between 2010 and 2020 and a significant influx of high-net-worth individuals. Furthermore, the City of Austin has eliminated parking requirements for CS-MU properties, presenting an added advantage for developers. Seller financing may be available. The APN is 0209140205. This is a truly unique opportunity to develop in one of Austin's most desirable and rapidly growing areas.

• CAP approach

  CAP return

  Valuation

  6%

  $187,874

  6.5%

  $173,422

  7%

  $161,035

• Comparable approach

  Method

  Valuation

  Relative Method

  $245,021

  Geo Method

  $245,021

• Alternative Use

  Use

  Valuation

  Residential

  $173,422

  Hospitality

  $158,854

  Educational

  $132,164

  Medical

  $136,710

  Retail

  $205,589

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2759

Longitude

-97.7026

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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