1900 San Gabriel ST, Austin, TX 78705 – 3689159

$5,900,000

Est. payment -/mo

Est.Price: ?

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24,063 SqFt

SOLD DATE : 04/17/2023

Key Details

Property Type Commercial

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 24,063 sqft

Price per Sqft $203

Subdivision Carrington

MLS Listing ID 3689159

Sold Date 04/17/23

Originating Board actris

Year Built 1984

Annual Tax Amount $68,104

Tax Year 2021

Lot Size 0.441 Acres

Property Description

Gold Tier Real Estate is proud to present a value-add multifamily asset with close proximity to the University of Texas at Austin and Downtown Austin. With a total of 23 beds, 22 baths, and 16 garage spaces, this property is unique in nature and possesses unlimited potential for an investor.

The 0.44 acre property sits on the hard corner of San Gabriel and W Martin Luther King Jr Blvd. The current zoning is GO-CO-NP and has a CodeNEXT proposed zoning as MU2-Q, which suggests a mixed-use redevelopment opportunity with a height limit of 65 feet*.

*Buyer to do independent research regarding the redevelopment potential of the property.

Property Highlights
Value Add Multifamily w/ Long Term Redevelopment Potential
11 Unique, Large Townhome Units
0.44 Acres on Hard Corner of San Gabriel and MLK
Close Proximity to The University of Texas at Austin and Downtown Austin
24,063 GSF - 18,528 RSF

Location

State TX

County Travis

Zoning 0.44 acres. The current zoning is GO-CO-NP and has a CodeNEXT proposed zoning as MU2-Q, which suggests a mixed-use redevelopment opportunity with a height limit of 65 feet*.

Interior

Heating See Remarks

Cooling Central Air, Multi Units

Flooring Wood

Fireplace N

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected, See Remarks

View City, City Lights, Downtown, Panoramic, Skyline

Accessibility See Remarks

Total Parking Spaces 22

Building

Sewer Public Sewer

Water Public

Structure Type Concrete, Stucco

New Construction No

Others

Restrictions Zoning

Acceptable Financing See Remarks

Tax Rate 2.17668

Listing Terms See Remarks

Special Listing Condition Standard

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Realty Executives Corpus Christi & Coastal Bend

michael@realtyexecutives.com +1(512) 740-7615

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Listed by Gold Tier Real Estate, LLC • Colin Tierney
Bought with Non Member

Realty Executives Corpus Christi & Coastal Bend

Regional Developer Texas | License ID: 408918

+1(512) 740-7615

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