1900 San Gabriel ST

Austin, TX, 78705

$5,900,000

$245 per ft²
$5,900,000
$245 per ft²
Active Under Contract
Active Under Contract
 - For Sale
carpenters-square
24,063 ft²
property_type
Commercial
calendar
Built 1984
Gold Tier Real Estate is proud to present a value-add multifamily asset with close proximity to the University of Texas at Austin and Downtown Austin. With a total of 23 beds, 22 baths, and 16 garage spaces, this property is unique in nature and possesses unlimited potential for an investor. The 0.44 acre property sits on the hard corner of San Gabriel and W Martin Luther King Jr Blvd. The current zoning is GO-CO-NP and has a CodeNEXT proposed zoning as MU2-Q, which suggests a mixed-use redevelopment opportunity with a height limit of 65 feet*. *Buyer to do independent research regarding the redevelopment potential of the property. Property Highlights Value Add Multifamily w/ Long Term Redevelopment Potential 11 Unique, Large Townhome Units 0.44 Acres on Hard Corner of San Gabriel and MLK Close Proximity to The University of Texas at Austin and Downtown Austin 24,063 GSF - 18,528 RSF
MLS® ID:
3689159
Listed:
5/31/22
Updated:
4/2/23
The Marye Company
Mobile: (512) 964-8944Office: (512) 444-7171Email: drew@themaryecompany.com

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Wood
Cooling
Central Air, Multi Units
Heating
See Remarks

Exterior/Building Features

Lot Size
0.44 acres lot
Exterior Features
See Remarks
Sewer
Public Sewer

Other Property Details

Area Name
UT
Taxes
$68104
Tax Frequency
per YEAR
Garage
Yes
Parking
Additional Parking, Alley Access, Asphalt, Garage, Garage Door Opener, Lighted, Parking Lot
View
Y
County
Travis
Utilities
Electricity Connected, Sewer Connected, Water Connected, See Remarks
Water Source
Public
Pool
No
Sub Agency Compensation
2.500
Buyer Agency Compensation
2.500

Property History

Date
Event
Price
Value
8/24/22
Price Change
$5,900,000
-10%
3/16/23
Active Under Contract
-
-

Courtesy of Gold Tier Real Estate, LLC

Listing Contact: (512) 674-5727

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.

Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2023 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Database last updated 8:51 AM UTC, 4/2/23

 

The Marye Company
Mobile: (512) 964-8944Office: (512) 444-7171Email: drew@themaryecompany.com
Contact