1183 Springdale RdAustin, TX 78721

Property Details for 1183 Springdale Rd

Year built

1980

Lot size

0.47 AC

Property size (Sq ft)

1,280 SF

Property type

Parking lots & garages

APN

209190118

APU

209190118

Description

This exceptional 0.47-acre commercial lot is situated at 1183 Springdale Rd, Austin, TX 78721, offering a prime development opportunity. Located just off the intersection of Springdale Road and East 12th Street, this property benefits from its proximity to downtown Austin (a short 10-minute drive). The lot is zoned GR-MU-NP, allowing for mixed-use commercial development. Surrounding the property are new multifamily developments and contemporary homes, indicating a thriving and growing neighborhood. The property's convenient location, coupled with its commercial zoning, presents a rare opportunity for investors and developers. The Travis County APN is 199076. Recent city improvements include new sidewalks and driveways, enhancing the property's accessibility and appeal. This lot is only two lots away from the corner of Springdale and East 12th Street, providing excellent visibility and access. The asking price for this strategically located land is $1,500,000. Don't miss this chance to acquire a highly desirable commercial lot in a rapidly developing area of Austin.

• CAP approach

  CAP return

  Valuation

  6%

  $931,957

  6.5%

  $860,268

  7%

  $798,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $965,712

  Geo Method

  $965,712

• Alternative Use

  Use

  Valuation

  Residential

  $725,668

  Hospitality

  $664,708

  Educational

  $553,029

  Medical

  $572,049

  Retail

  $860,268

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2781

Longitude

-97.6868

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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