1221 S Interstate 35 Freeway Austin, TX $ 1,850,000
1221 S Interstate 35 Freeway
$ 1,850,000
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1221 S Interstate 35 Freeway

Austin, TX, 78741
$ 1,850,000
Baths0.0 Sq 28,965

Monthly Estimate*

$ 12,923

1221 S Interstate 35 Freeway, Austin, TX 78741 - Image 1
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1221 S Interstate 35 Freeway, Austin, TX 78741 - Image 9
1221 S Interstate 35 Freeway, Austin, TX 78741 - Image 10
1221 S Interstate 35 Freeway, Austin, TX 78741 - Image 11
1221 S Interstate 35 Freeway, Austin, TX 78741 - Image 12
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Studio

Commercial Property for sale in Austin, TX

for $1,850,000. This 28,965 square foot building was built in 1964 on a lot size of 0.3525.

The property consist of three tax parcels (lots). 200 ft. frontage on the service road on the lower level and being approximately 16,200 sq. ft. of level surface with 1188 sq. ft. that can be renovated or torn down for new development. Upper portion of property that is above the green retaining wall accessed by Lupine street above. Those lots are total of 13,661 sq. ft. by survey. The upper lots are zoned SF-3 and the lower level zoned Commercial/LR. Buyer can redevelop the property and build a 3-5 story mixed use building with outstanding views of downtown city skyline. Tract is served by all utilities. Electricity, water, wastewater, telephone, natural gas and internet and cable. See aerial views from drone shots made of area. The view cannot be blocked in the future from any developments since no properties exist for development between this site and downtown. City owns only lot at NW corner at Riverside Dr. and IH 35 they converted it to dog park so will never be developed. It is the only site that could block the view from this subject property to city. Total Sq. footage of site on both levels is 28,865 sq. feet.

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Commercial Active

Price

$ 1,850,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,365

Style

Lot Size

0.3525

Year Built

1964

Town/City

Austin

County/Region

Travis

MLS | Web ID

6940715

Features
General
Sewer Public Sewer
Heating None
Cooling None
Utilities Electricity Connected High Speed Internet Natural Gas Available Phone Available Sewer Connected Water Connected See Remarks
Zoning property is zoned commercial /LR commercial on the frontage road and upper lots zone SF-3
Construction Materials See Remarks
Year Built 1964
View City City Lights See Remarks
Topography Property is level on the frontage road with concrete and asphalt paving and large concrete retainer wall surrounding the lower level. The Upper lots are sloping toward the big green retainer wall an
Property SubType See Remarks
Tax Year 2024
Current Use Commercial Vacant See Remarks
County Travis
Operating Expense 0
New Construction N
Property Type Commercial Sale
Energy Efficient None
Subdivision Name Parkinson Lela
Building Features See Remarks
Green Sustainability None
Other Structures None See Remarks
Status Active
Directions Exit riverside drive exit coming downtown from the south. Look to right immediately then pull in front of guard rail in front of property. Coming from the north cross the river bridge and take exit f
City Austin
Disclosures Seller Disclosure Seller Provided Survey Available See Remarks
MLS Area 9
Lot Size Square Feet 15354.9
Waterfront Y/N N
Street Name Interstate 35
Tax Annual Amount 10365.66
Property Condition See Remarks
Additional Parcels Y/N Y
Leasable Area 1188
Virtual Tour https://www.tourfactory.com/idxr2943080 https://www.tourfactory.com/2943080
Lease Type None
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 572927
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Exterior
Parking Features Asphalt Concrete Direct Access Gated See Remarks
Water Source Public
Total Parking 20
Foundation Details Slab
Number of Buildings 1
Building Area Total 28965
Lot Size Acres 0.3525
Road Surface Type Asphalt Concrete PVD Sidewalks See Remarks
Other Equipment None
Horse Y/N N
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Interior
Street Suffix Freeway
Total Bedrooms 0
Total Baths 0
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Internal Only
Street Number 1 1221
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* Excluded Features
List By
David Morrison

Listing Agent

Austin Premium Property

Broker

dlmdart@aol.com

Email

Affordability Calculator

$13,787
Per Month
94%
6%
0%
Monthly Principal & Interest
$12,923
Monthly Property Taxes
$864
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3038596 Elementary School
3038443 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/2/2024$1,850,000 Listed Price

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1221 S Interstate 35 Freeway, Austin, TX, 78741 is a Commercial Property for sale at $1,850,000 with 28,965 sqft and a lot size of 0.3525. 1221 S Interstate 35 Freeway is a studio with 0.0 baths and was built in 1964. The property's zip code is 78741 which is in Austin, TX