Redevelopment opportunity in North University/Hyde Park neighborhood near UT. City allows single stair five story multifamily. Total lot is 6.048 SF and air rights are 51% of the total area of Unit 1 and Unit 2 per condo documents. Density Bonus allowing up to 70 feet in height, factoring compatibility and NCCD. Rare infill opportunity with no FAR, more forgiving compatibility setbacks, generous building coverage, and fewer setback requirements under the DB-ETOD zoning overlay recently approved. All information to be confirmed through the City of Austin. NCCD elements will apply, including one parking space per bedroom based on recent consultation with the City of Austin.
Listed By
Agency Name: Texas Realty Partners, LLC
Agency Contact: (512) 651-7000
Shown By
Agent Name: Joel Peal
Agent Phone: (512) 590-9126
Agency Title: Realty Capital City
3506 Tom Green St, Unit 1 | MLS# 9227486
This commercial property located at 3506 Tom Green St, Unit 1, Austin, TX 78705 is currently listed for sale with an asking price of $800,000. Search Austin real estate on www.pealestate.com today.