320 W William Cannon Dr Austin, TX $ 2,500,000
320 W William Cannon Dr
$ 2,500,000
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320 W William Cannon Dr

Austin, TX, 78745
$ 2,500,000
Bedrooms-- Baths-- Sq 4,800
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Property for Rent in Austin, TX

for $2,500,000. This 4,800 square foot property was built in 1987 on a lot size of 1.1189.

CS-MU-CO-NP zoned and ready for what's next. The CS base is one of Austin's broadest commercial designations, opening the door to an exceptional range of by-right uses -- restaurant and food service, retail, medical and professional office, personal services, financial services, food sales, and more. The Mixed Use overlay layers residential on top, allowing multifamily, condominium, townhouse, or mixed-use development on the same site. The property was previously permitted for restaurant use and retains an existing grease trap on site -- a head start for any food and beverage operator. Not in a flood zone, no creek buffer, no major environmental constraints, and the city has confirmed strong building coverage and FAR potential -- a clean path forward for a wide range of commercial or mixed-use visions. 4,800 SF freestanding on 1.12 acres with about 65 paved parking spaces and a lot-to-building ratio that gives a new owner real flexibility. Hard corner at a signalized intersection on W William Cannon Drive -- one of South Austin’s most heavily traveled corridors — the site benefits from exceptional frontage, strong daily traffic counts, easy ingress/egress, and visibility that is billboard-grade. Repurpose the existing improvements, expand the current footprint, or pursue a more substantial redevelopment play. Signalized corner sites with this level of zoning flexibility, parking, visibility, and land size rarely trade at this price point in South Austin. Contact listing agent today for questions and a private tour!

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Rental Active

Price

$ 2,500,000

Taxes

$ 36,325

Style

Mixed Use

Lot Size

1.1189

Year Built

1987

Town/City

Austin

County/Region

Travis

MLS | Web ID

2479764

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Connected Electricity Connected Natural Gas Available Phone Connected Sewer Connected Water Connected
Zoning CS-MU-CO-NP — General Co
Security Features See Remarks Closed Circuit Camera(s) Security Fence Security Lights Security System
Construction Materials Brick Veneer
Year Built 1987
View None
Topography Level flat lot with ample paved surface area mature trees and direct access from W William Cannon Drive.
Property Subtype Mixed Use
Tax Year 2026
Current Use Commercial Medical/Dental Mixed Use Office See Remarks
Accessibility Accessible Approach with Ramp Customized Wheelchair Accessible
County Travis
Operating Expense 0
New Construction N
Property Type Commercial Sale
Energy Efficient None
Subdivision Name Southridge Plaza
Building Features See Remarks Appliances Fixtures Private Restrooms Receptions Room Storage Area(s)
Green Sustainability None
Other Structures None
Status Active
Directions From S Congress Ave heading south turn right onto W William Cannon. Property will be on the right corner of the 2nd stop light.
City Austin
Disclosures See Remarks
MLS Area 10N
Lot Size Square Feet 48739.28
Tax Annual Amount 33786.85
Property Condition Resale
Leasable Area 4800
Virtual Tour https://view.zabemedia.com/order/b63d72d2-7ef9-440c-92ae-08deb5977b83?branding=false https://view.zabemedia.com/order/b63d72d2-7ef9-440c-92ae-08deb5977b83
Lease Type See Remarks
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 1775000
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Interior
Flooring Carpet Laminate Tile
Total Bedrooms 0
Total Baths 0
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Exterior
Parking Features On Site Parking Lot Paved
Water Source Public
Total Parking 65
Foundation Details Slab
Number of Buildings 1
Building Area Total 4800
Lot Size Acres 1.1189
Waterfront Y/N N
Other Equipment See Remarks Negotiable
Horse Y/N N
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Internal Only
Street Number 1 320
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* Excluded Features
List By
John Mundell

Listing Agent

Compass Re Texas, Llc

Broker

johnmundell@realtyaustin.com

Email

Nearby
3038596 Elementary School
3038443 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/27/2026$2,500,000 Listed Price

Map


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320 W William Cannon Dr, Austin, TX, 78745 is a Property for Rent at $2,500,000 with 4,800 sqft and a lot size of 1.1189. 320 W William Cannon Dr was built in 1987. The property's zip code is 78745 which is in Austin, TX