LOT SIZE 0.600 acres
MLS#1503014
STATUSActive Under Contract
PROPERTY TYPELand
SUBDIVISIONWestfield A
SCHOOLAustin ISD
Property Description
A rare development opportunity in the heart of West Austin.Located on a quiet street in Deep Eddy, 1300 & 1302 Norwalk Lane currently consist of two multifamily buildings featuring a total of 6 one-bedroom units and 6 two-bedroom units, with only one unit currently vacant. This setup provides holding income while you pursue design and planning approval for redevelopment or refurbishment of the existing improvements.The property spans a gently sloping, rectangular 0.6-acre lot with dual street frontage. Zoned MF-3, it allows for up to 20,000 square feet of Gross Floor Area and up to 21 units. Preliminary schematics show a layout including a driveway and 12 x 1600 sq. ft. with 2-car garages and private roof terraces. This property is across the road from the Muni Golf Course and a short walk to O'Henry Middle School, HEB and Maudies. It is also less than a mile to Westenfield Park / Pool / Tennis Courts, Littlefields, and Juiceland; and less than 2 miles to Austin High, Zilker Park, Barton Springs, Town Lake, Lake Austin, numerous bars and restaurants on West Lynn and West 6th St. It's proximity to MoPac delivers direct connectivity to the airport, the Domain, and highways 183, 71 and 290. This property is zoned to Austin ISD's best schools.
Property Features
Property Type: Land
Lot Size: 0.60 Acres
Taxes: $38,901
Amenities
Uncovered Courtyard
Feature Descriptions
Area #: 1B
Days on Site: 310
Flood Plain: No
Lot: Alley Access, Gentle Sloping, Near Golf Course, Near Public Transit, Subdivided, Trees-Medium (20 Ft - 40 Ft)
Lot Dimensions: 117 x 218
Mineral Rights: None
Parcel#: 01130608090000
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Available, Water Connected
Water: Public
Local Schools
High School: Austin
Middle School: O Henry
Elementary School: Casis
School District: Austin ISD
Listed By / Shown By
Listed By
Agency Name: Muskin Elam Group LLC
Agency Contact: (512) 343-2700
Shown By
Agent Name: Cindy Reeder
Agent Phone: (512) 865-8385
Agency Title: Realty Capital City
Estimate Your Payment
Estimated Payment
$ 10,541.73 per month $6,454.14 Principal & Interest $3,241.75 Property Tax $845.83 Homeowner's Insurance
1300 And 1302 Norwalk Ln | MLS# 1503014
This land located at 1300 And 1302 Norwalk Ln, Austin, TX 78703 is currently listed for sale with an asking price of $2,900,000. The property has approximately 0.60 Acres. And 1302 Norwalk Ln is located within the Austin ISD school district. Search Austin real estate on cindyr.rmcapitalcity.com today.