1710 Colorado StAustin, TX 78701

Property Details for 1710 Colorado St

Year built

1976

Lot size

0.41 AC

Property type

Other commercial real estate

APN

210022902

APU

210022902

Description

This exceptional 0.41-acre commercial land parcel at 1710 Colorado Street in Austin, Texas, presents a unique high-rise development opportunity. Located in the heart of downtown Austin, between the State Capitol and the University of Texas, this site boasts an unparalleled location. Currently a surface parking lot owned by the Austin Scottish Rite Theater for over a century, the Theater desires a long-term ground lease to secure future funding. This presents a developer with a stable, long-term ground lease arrangement. The property benefits from its proximity to the ongoing $600 million State of Texas Capitol Complex Project. Within the Downtown Density Bonus Program, the site allows for a Floor Area Ratio of up to 15:1, potentially yielding approximately 300,000 square feet of buildable area. This makes it ideal for a high-rise residential or commercial development. The site is situated in Travis County, zip code 78701, and offers significant potential for a high-return investment given its location, size, and development entitlements. The existing building is not included in the sale.

• Alternative Use

  Use

  Valuation

  Residential

  $5,801,760

  Hospitality

  $5,314,381

  Educational

  $4,421,502

  Medical

  $4,573,565

  Retail

  $6,877,893

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2798

Longitude

-97.7402

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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