Build 6 townhomes or 35 apartments! Rare “small-scale big upside” development opportunity on East Riverside Drive in booming Montopolis (watch the 8-minute FAQ video). Value is in the land, but the existing dwelling has been extensively remodeled & is an ideal office or residential rental for cash flow during the planning phase.
Great high-demand location for professionals and young families to fill your new development! Southeast Austin location has easy access to highways (290 & 183) for a quick commute to work (Oracle and Tesla are nearby), shopping & entertainment.
There are endless options of restaurants, bars, cafes, live music, and shopping that are growing and adding more character and desirability to the neighborhood. Just minutes away from the downtown action, the SoCo charm, and the serenity of Lady Bird Lake. Staying fit has never been easier and fun, with Equinox, Orange Theory, [solidcore], Soul Cycle, walking trails, and kayak/paddleboard rentals just a short car/bike ride away. • And if that was not enough, the airport is only 5 minutes away—easy in and out of the city for wanderers and business travelers.
See MLS (ID 2292841) for docs including site plans, Affordability Unlocked Development Bonus Program information, and other important information.