2110 Thrasher LnAustin, TX 78741

Property Details for 2110 Thrasher Ln

Year built

2021

Lot size

2.40 AC

Property type

Apartment buildings

APN

310140148

APU

310140148

Description

This exceptional 2.4-acre commercial land parcel presents a prime opportunity for development in Austin, Texas's desirable Riverside area. Located at 2110 Thrasher Ln, Austin, TX 78741, this property boasts a pre-approved site plan for a 28-unit townhome community. Significant infrastructure is already in place, including main road access, site leveling, and detention facilities, significantly reducing development time and costs. The property is zoned SF-6 NP, allowing for townhouse and condominium construction, along with other flexible permitted uses. Its advantageous location near Riverside Drive (approximately 17,000 vehicles per day) provides convenient access to major thoroughfares like TX-Hwy 183, TX-130, and I-35, ensuring excellent connectivity to the greater Austin metro area. The site benefits from its designation as a Federal Opportunity Zone, offering potential tax advantages. Furthermore, the property's proximity to major employers such as Tesla and Oracle enhances its investment appeal. Owner financing and land banking options are available, providing flexibility for potential buyers. This is a truly exceptional opportunity to capitalize on Austin's thriving real estate market and build a highly sought-after residential community.

• CAP approach

  CAP return

  Valuation

  6%

  $46,525,500

  6.5%

  $42,946,600

  7%

  $39,879,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $36,620,300

  Geo Method

  $36,620,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $67,365,800

  Retail / Commercial

  $34,976,200

  Mixed-Use / Specialty

  $35,191,500

  Hospitality / Lodging

  $26,261,500

  Office

  $35,336,500

  Institutional / Educational

  $36,706,500

  Multifamily

  $49,623,200

  Automotive / Energy

  $31,462,700

  Parking / Income-Based Land

  $10,521,500

  Restaurant / Food Service

  $19,028,900

  Healthcare / Senior Housing

  $35,739,600

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2218

Longitude

-97.7021

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].