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$3,099,900

Zoning: CS-V-ETOD-DBETOD. See additional explanations in the documents: Commercial Services, Vertical Mixed Use, East Riverside Transit-Oriented Development, and Density Bonus. The property has strong redevelopment potential. (CS Base Zoning-Commercial Services), (V-Vertical Mixed Use allows residential units above ground-floor commercial), (ETOD-East Riverside Transit-Oriented Development, focus on walkability, allows density, reduced parking), (DBETOD-Density Bonus ETOD, allows additional height, density, or floor-area ratio, affordable housing, optional, not mandatory). Why not consider a Lease Back while you run your project through the City of Austin? Could it be a possible option? TCAD combined lots = 15,264 sq.ft., .35AC Unique opportunity to acquire two contiguous lots improved with an operating restaurant, including land, building, and all associated FF&E. The business has successfully operated at this location for over 25 years, reflecting long-term stability and market presence. Situated just over two miles from Downtown Austin in the highly sought-after 78704 area, the property has been well-maintained. It provides a strong foundation for continued restaurant operations or alternative commercial use. Ownership is open to reasonable offers and is prepared to engage in a timely transaction. Flexible terms may be considered with an acceptable offer. Showings are by appointment only and handled discreetly. Do not contact staff or employees under any circumstances.

1306385 MLS ⋅ Arandas BLDG.

2448 S 1st St, Austin

Listing courtesy of Real Estate Executives of Aus. Contact: (512) 899-4663