4500 East 51st Street

Mixed-Use Retail and Office Development Opportunity

An amazing location for a premier and boutique mixed-use retail and office development opportunity with amazing performance dynamics and demographics in a highly visible and traveled hard corner in East Central minutes to Mueller, University of Texas, Medical Center, downtown, and just 15 minutes to Austin-Bergstrum International Airport.

High average household incomes and evolving trends with strong demand for urban experiences make this a powerful boutique opportunity for small offices (or office condos) where occupancy rates are very stable coupled with 95 percent occupancy rates on retail. The seller already had an almost 20,0000 square foot office design for a community clinic stp fully approved, while the STP is expired, lots of value to be passed on regarding utilities, setbacks, floodplain lines and so on that would parlay to the next project.

• Dual Access to Springdale Rd and 51st Street
• 1 mile to Mueller and Dell Children Hospital
• 2 miles to University of Texas and UT Medical
• 90% Allowable Impervious Coverage
• 75% Allowable Building Coverage
• Zoning GR-CO-NP
• 60’ Allowed Building Height
• 1:1 Floor-to-Area Ratio
• Approximately 44 parking spaces
• Over 20k households within 2 miles

1.49 Acre Lot | Land | Commercial Listing | Austin, TX | $1,700,000