103 Red Bird LnAustin, TX 78745

Property Details for 103 Red Bird Ln

Year built

1968

Construction

STEEL FRAME

Lot size

0.49 AC

Property size (Sq ft)

2,500 SF

Property type

Commercial real estate

APN

416090304

APU

416090304

Description

This exceptional 32,700 square foot commercial land parcel presents a remarkable infill redevelopment opportunity in Austin, Texas. Situated at 103 Red Bird Ln, Austin, TX 78745, this property boasts a highly desirable location within a thriving development zone. Its strategic positioning, just one lot west of South Congress Avenue at the northwest quadrant of South Congress and Stassney Lane, offers unparalleled access to Austin's vibrant city center. The site is conveniently located only four miles from downtown, providing effortless commutes and proximity to the city's amenities. Enjoy the nearby scenic hike-and-bike trails along Williamson Creek, enhancing the area's appeal. Furthermore, this location offers exceptional convenience with a short one-mile commute to St. Elmo's market, a two-minute drive to Fiesta Market, and two HEB locations within a five-minute radius. The property is zoned SF-6-NP and CS-MU-CO-NP, making it ideal for a variety of commercial developments, including the potential for condos or townhomes. Importantly, this site is not located within a floodplain, eliminating potential development complications. This prime location and zoning regulations combine to create an exceptional investment opportunity in a rapidly growing area of Austin.

• CAP approach

  CAP return

  Valuation

  6%

  $953,150

  6.5%

  $879,830

  7%

  $816,985

• Comparable approach

  Method

  Valuation

  Relative Method

  $748,475

  Geo Method

  $748,475

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,881,430

  Retail / Commercial

  $935,572

  Mixed-Use / Specialty

  $909,213

  Hospitality / Lodging

  $637,084

  Office

  $879,830

  Institutional / Educational

  $936,986

  Residential Income

  $1,096,270

  Multifamily

  $1,442,450

  Automotive / Energy

  $803,131

  Parking / Income-Based Land

  $299,898

  Restaurant / Food Service

  $423,751

  Healthcare / Senior Housing

  $955,991

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2066

Longitude

-97.7757

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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