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$975,000
4640826 MLS
Prime Govalle Mixed-Use / Commercial Redevelopment Opportunity with Prime High-Yield Potential! Positioned directly in the path of East Austin's explosive growth, 920 Shady Lane presents an exceptional adaptive reuse or ground-up commercial redevelopment opportunity in the heart of the Govalle neighborhood. Strategically located steps from the Airport Boulevard Core Transit Corridor, this prime land has highly desirable level topography, excellent street visibility, and direct, easy access to major transit veins heading North, South, and straight into Downtown Austin. The deep lot currently houses two existing structures (a 4-bedroom main home and a 2-bedroom rear unit) along with a large workshop and two existing utility hookups, offering immediate holding-income potential or flexibility during the entitlement and permitting phase. Surrounded by rapid high-density office, residential, and retail transformation, the location benefits from continuous foot and vehicle traffic, anchored by local staples like Dan's Hamburgers directly across the street and major adaptive reuse hubs like Hi Sign Brewing down the block. Whether you're looking to scrape and build a sleek new commercial footprint, execute a high-density boutique development, or capitalize on East Austin’s premier corridor momentum, this site delivers the location, scale, and access to execute your vision.

920 Shady Ln, Austin

Listing courtesy of Allure Real Estate. Contact: (512) 518-0008
$975,000
6 Beds ⋅ 3 Baths ⋅ 1765850 MLS
Historic East Austin Compound with Built-In Multi-Stream Income in a Prime Location! Unbeatably situated at 920 Shady Ln in the heart of East Austin’s booming Govalle neighborhood, this rare multi-unit investment compound puts you right in the center of iconic local culture and located just minutes from Downtown Austin with effortless access to both North and South routes. Everyday convenience meets local flavor right outside your doorstep: walk directly across the street to Dan’s Hamburgers for legendary morning breakfast tacos, or take a short evening stroll down the block to Hi Sign Brewing. Sitting on a generous lot under a majestic canopy of nut-bearing pecan trees, the main 4-bedroom, 2-bathroom "Blue House" radiates vintage charm with original hardwood floors, built-ins and natural light, featuring a private two-room suite with a full bath that is already plumbed to add a kitchen, allows you to easily convert the main home into a duplex. Tucked privately behind sits the refreshed "Green House," a fully independent 2-bedroom, 1-bathroom home complete with a newer roof, remodeled bath, and ultra-efficient mini-splits, providing immediate rental income. The high-yield potential continues in the backyard mini-forest, which boasts two RV/trailer hookups with dedicated sewer clean-outs and a 500 sq ft workshop ready to be utilized as a creative studio or converted into a third living unit/ADU. Complete with a cozy campfire pit and sprawling outdoor space for hosting, 920 Shady Ln gives you the ultimate combination of prime East Austin location, rich character, and multi-stream income security.

920 Shady Ln, Austin

Listing courtesy of Allure Real Estate. Contact: (512) 518-0008