1. Texas
  2. Austin
  3. 700 & 604 Corral LN
$1,700,000

700 & 604 Corral LN, Austin, TX 78745

  • 3,881 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1959
  • Property Lot Size Icon2.01acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $438/sqft
  • Property List Date Icon Listed 6 days ago

Property Description

Ideal HOME / HOME2 development site. 2.01+/- acre assemblage of two 1 ac city lots, ideal for entry level build for sale or build for rent HOME 2 development. Feasibility study by LLVLL Design / Build projects 31 units @ 1650 sqft / ea under the new code for over 51,000 buildable sqft, or around $35/sqft land cost. Arborist indicates all existing trees can be removed. By leveraging the small site & 1650 sqft min/ unit provision of HOME 2 you can extract over 90% FAR per site based on preliminary site plan. At 31 sites land cost is less than $60,000 per unit. One of both of the existing homes could be saved / renovated/ flipped to substantially lower the cost basis of the land $/ unit land cost, or leveraged as interim income. Other uses possible under SF2 to leverage improved access and traffic counts related to the ongoing TXDOT I-35 Capital Express South project with easy access from both directions and a 2023 daily traffic count of over 190,000. Buyers to do all their own due diligence. Properties to be sold together. Contact LA for more information.

Listing Status:
Active
Listing Office:
Texas Ally Real Estate Group : (512) 763-2559
Listing Agent:
David Mosrie : (512) 516-9722
MLS ID:
9528461
  • Other Structures: ResidenceSecond ResidenceSee Remarks
  • Parking: Parking spaces: 10

This listing courtesy of David Mosrie, Texas Ally Real Estate Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Langford Elementary School

2206 Blue Meadow Dr, Austin, TX, 78744

Grades EE-5

0.74 miles away

B

Bedichek Middle School

6800 Bill Hughes Rd, Austin, TX, 78745

Grades 6-8

0.93 miles away

C

Crockett High School

5601 Menchaca Rd, Austin, TX, 78745

Grades 9-12

2.35 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.