$485,000
Rare Development Opportunity in Austin's Transforming East Riverside Corridor.
Two adjacent cleared lots are being sold together, offering approximately 10,934 square feet of development potential just minutes from Downtown Austin. Public water, sewer, electricity, and natural gas are available, saving valuable time and site preparation costs.
The current lot configuration allows for approximately 5,500 square feet of total buildable area. Buyers looking to maximize value may have the opportunity to replat the two parcels into a single lot, increasing build potential to approximately 6,000 square feet (buyer to verify with the City of Austin), creating an exceptional highest-and-best-use opportunity.
The East Riverside Corridor is one of Austin's fastest-growing redevelopment markets, with more than $2.1 billion in projected private investment through 2028, highlighted by the transformative $4 billion River Park mixed-use development. The property is also located near the planned Project Connect East Riverside Light Rail, providing future connectivity to Downtown Austin, with a planned airport extension identified as a future priority.
Ideal for builders, developers, and investors seeking redevelopment potential in a premier location with convenient access to Downtown Austin, Lady Bird Lake, South Congress, East Austin, Oracle, Tesla, Austin-Bergstrom International Airport, restaurants, shopping, and entertainment.
Both parcels must be purchased together. Buyer to verify all development potential with the City of Austin.
5115464
MLS
6206 & 6208 Ponca St, Austin
Listing courtesy of Douglas Elliman Real Estate. Contact: (512) 771-0754