3019 E 12th St
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3019 E 12th St
0.53 Acres of Commercial Land in Austin, TX 78702
Investment Highlights
- Cash Flowing Opportunity with a lot of potential upside to raise rents and redevelop in Core East Austin.
- Seller Financing is an Option
Executive Summary
Development Site Located In East Austin
• Over 90,000 housing units were added in Austin between 2010-2020, surpassing most major U.S. cities.
• Austin has seen a tremendous influx of millionaires, with a growth rate of 102% from 2012 to 2022. The growth can be attributed to the city’s emergence as a tech hub and growth market for luxury real estate, with companies like Amazon, Google, Meta, SpaceX, and Tesla expanding their presence in the city.
Convenient Access To Major Thoroughfares
• Centrally located less than 2 miles between I-35 and US-183
• 4 miles North of TX-71 • 4 miles East of Mopac Expy
Close Proximity To Austin’s Best Entertainment & Retail
• East 6th District: 5 minutes
• ABIA: 6 minutes
• University of Texas: 8 minutes
• Downtown Austin: 10 minutes
• SOCO District: 12 minutes
• Over 90,000 housing units were added in Austin between 2010-2020, surpassing most major U.S. cities.
• Austin has seen a tremendous influx of millionaires, with a growth rate of 102% from 2012 to 2022. The growth can be attributed to the city’s emergence as a tech hub and growth market for luxury real estate, with companies like Amazon, Google, Meta, SpaceX, and Tesla expanding their presence in the city.
Convenient Access To Major Thoroughfares
• Centrally located less than 2 miles between I-35 and US-183
• 4 miles North of TX-71 • 4 miles East of Mopac Expy
Close Proximity To Austin’s Best Entertainment & Retail
• East 6th District: 5 minutes
• ABIA: 6 minutes
• University of Texas: 8 minutes
• Downtown Austin: 10 minutes
• SOCO District: 12 minutes
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Commercial |
| Property Type | Land | Total Lot Size | 0.53 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.53 AC |
1 Lot Available
Lot
| Lot Size | 0.53 AC |
| Lot Size | 0.53 AC |
PARCEL 0209140205
Description
RESIDENTIAL CODE CHANGE Council has voted to increase F.A.R. for 2-units, meaning larger buildings and front yard setback reduced to 15’
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Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 198772 | Improvements Assessment | $87,143 CAD |
| Land Assessment | $3,896,313 CAD | Total Assessment | $3,983,456 CAD |
PROPERTY TAXES
Parcel Number
198772
Land Assessment
$3,896,313 CAD
Improvements Assessment
$87,143 CAD
Total Assessment
$3,983,456 CAD
zoning
| Zoning Code | CS-MU-V-CO-NP (CS-MU-V-CO-NP - City of Austin has removed parking requirements on CS-MU properties) |
| CS-MU-V-CO-NP (CS-MU-V-CO-NP - City of Austin has removed parking requirements on CS-MU properties) |
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3019 E 12th St
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