55 N Interstate 35

Cushman & Wakefield’s Central Texas Private Capital Group is pleased to present to the market, 55 N Interstate 35, a premier East Austin redevelopment opportunity for an approximately 1.064-acre site. The site benefits from direct access, visibility, and frontage on Interstate 35, Austin’s highest trafficked major roadway with 194,000 vehicles per day connecting Austin south to San Antonio and north to Dallas. The property is directly adjacent to the Rainey Street Entertainment District (0.25 miles), the Hatchery mixed-use project (0.20 miles), Lady Bird Lake Hike & Bike Trail (0.40 miles), and less than a mile from Plaza Saltillo, the largest retail and entertainment district serving East Austin.
The property features an existing 28,562 square foot two story building offering flexibility for an owner user, adaptive reuse project, or a covered land investment opportunity. The site is currently zoned LO-MU, Limited Office-Mixed Use, but is a strong candidate for Austin’s new Density Bonus 90 (DB90) program which grants up to 90 feet height limits and reduces compatibility requirements if affordable components are met. 55 N Interstate 35 offers an incredible opportunity for developers, investors, or owner users to acquire one of Austin’s most prominent East Austin properties at the gateway to both Downtown and East Austin.