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$ 2,250,000
Est. payment /mo
Pending
7901 Peaceful Hill LN Austin, TX 78748
2.73 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Subdivision Marx Hattie M
MLS Listing ID 8938592
HOA Y/N No
Year Built 1983
Annual Tax Amount $5,656
Tax Year 2021
Lot Size 2.730 Acres
Acres 2.73
Property Sub-Type Other
Property Description
This is an outstanding potential development site on Peaceful Hill Lane that is 2.73 acres that is currently zoned DR. It is block and half from Williams Elementary School. Property is adjacent to high end houses on Verrando, Vivid Sky Lane, and Virtus Bend. The north fence line is adjacent to the land owned by Agape Christian Ministries Austin Inc. and is being rezoned and permitted at city for 300 residential units on 11.844 acres that is at 7809 Peaceful Hill Lane, 7713/7715 Byrdhill Lane down to the property owned by City of Austin (drainage creek) on W Dittmar Rd. The property to the east and south are high end residential units. This tract based on permitting next door could have 77-85 units on this tract or more depending on lot size and type of zoning. If it is zoned to GR-MU-V-CO (mid-rise, multifamily use) like the adjacent tract it would be very attractive development. HEB super store and retail center are just blocks away on S Congress that has retail, grocery, restaurants, and many other Retail uses. Outstanding site for couples with elementary age kids that can walk to school one block west. This property is in the Bedicek Middle school and Crockett ECHS along with the Williams elementary school. The property is leased on a month-to-month tenancy. There are multiple uses at the site and numerous small buildings, cars, trailers and other on the site. The site will be vacated and cleaned up prior to close. See aerial drone shots for area developments and proximity to school, retail and other.
Location
State TX
County Travis
Area 10S
Exterior
Pool Seller Disclosure, See Remarks
Utilities Available Electricity Available, Natural Gas Available, Sewer Available
Total Parking Spaces 40
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Virtual Tour https://www.tourfactory.com/idxr2943082
Listed by Austin Premium Property
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