The property spans just under half an acre and presents an excellent opportunity for investors and developers. The surrounding area is experiencing a surge in new developments, including multifamily properties and commercial structures. The possibilities for the right buyer are limitless. If you want to renovate this unique fixer-upper, its character may inspire you as these 1950's style homes are popular with many others throughout Austin being renovated. Experience the best of South Austin, whether an investment property or your future home; this location is excellent. Buyer should consult with the city on tear-down and development permitting options & requirements.
The lot currently has a 1957 built home with 3 bedrooms and 1 bathroom, spanning just under 800 sq ft. The house can either be renovated or demolished. The lot itself holds significant value, regardless of whether or not the house remains.
The zoning for the property is SF2, and according to the COA, the 18,000 sq ft lot can be easily divided into thirds and meet the city's zoning standards. If someone wants to rezone the lot, it is large enough to accommodate a duplex or mixed-use building.
This lot is highly desirable because it's located on the corner of Ralph Ablanedo (formerly known as Slaughter Rd) and Swanson, right off I 35, between S First and S Congress. It's conveniently located only one block away from the Austin Fire Department and Police Substation.