Austin, TX 8.81 Ac, 25K Vpd

Property Description

Austin 8.81 AC - 25K VPD | $101K HH Income | 10% Pop Growth

Marketplace Online Auction June 28-30

Investment Highlights

±8.81-acre commercial parcel with 620' frontage on busy highway with visibility to ±25,272 Vpd

Zoned ETJ (Extraterritorial Jurisdiction) allowing for flexible commercial uses

Proximity to a wide array of national retailers including Kohl's, Hobby Lobby, Sam's Club, Best Buy, and others

Dynamic real estate fundamentals with a 2021 population of ±273,804 and Ahhi of ±$101,732 (5 miles); 10% projected growth 2021-2026

Absolute $1 Auction - NO Reserve

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to present a ±8.81 AC land parcel located adjacent to 16009 FM 1325 (the “Property”) in Austin, Texas. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property is a ±8.81-Acre parcel situated adjacent to a newer retail plaza and multi-family community along FM 1325 with traffic counts of ±25,272 vehicles per day. The Property benefits from strong demand generators and is surrounded by many newer residential neighborhoods, as well as numerous national credit tenants including Kohl's, Hobby Lobby, Sam's Club, Best Buy, Lowes, Home Depot, Longhorn Steakhouse, Red Lobster, Old Navy, First Watch, and many others. Within five miles of the Property, the population has grown 18% since 2010 and is anticipated to grow another 10% between 2021 and 2026. Due to its strategic location in a growing market, The Property presents developers with a prime redevelopment opportunity with the potential for significant upside.

Located in the affluent North Austin submarket just 20 minutes from downtown, The Property benefits from dense and compelling demographics. The 5-mile trade area is supported by ±273,804 residents boasting an impressive Ahhi approaching ±$101,732. Over the past decade, Austin has gained national acclaim and established itself as a hub of economic and cultural diversity. With easy access to I-35 (±2 miles) and downtown (±17 miles), this offering provides the opportunity to develop an extremely well-located asset within a growing market that only continues to grow.

Auctioneer:

Lamar P. Fisher

Fisher Auction Company Inc.

License: 10344