Description
Rare Development Opportunity in Austin's Transforming East Riverside Corridor. Two adjacent cleared lots are being sold together, offering approximately 10,934 square feet of development potential just minutes from Downtown Austin. Public water, sewer, electricity, and natural gas are available, saving valuable time and site preparation costs. The current lot configuration allows for approximately 5,500 square feet of total buildable area. Buyers looking to maximize value may have the opportunity to replat the two parcels into a single lot, increasing build potential to approximately 6,000 square feet (buyer to verify with the City of Austin), creating an exceptional highest-and-best-use opportunity. The East Riverside Corridor is one of Austin's fastest-growing redevelopment markets, with more than $2.1 billion in projected private investment through 2028, highlighted by the transformative $4 billion River Park mixed-use development. The property is also located near the planned Project Connect East Riverside Light Rail, providing future connectivity to Downtown Austin, with a planned airport extension identified as a future priority. Ideal for builders, developers, and investors seeking redevelopment potential in a premier location with convenient access to Downtown Austin, Lady Bird Lake, South Congress, East Austin, Oracle, Tesla, Austin-Bergstrom International Airport, restaurants, shopping, and entertainment. Both parcels must be purchased together. Buyer to verify all development potential with the City of Austin.
Details
| MLS # | 5115464 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 30 |
| Listing Provided By | Douglas Elliman Real Estate | Matthew Layman |
Features
| Acreage | 0.25 |
|---|---|
| Water Front | Yes |
| Property View | Neighborhood |
Exterior
| Exterior Features | None |
|---|---|
| Lot Features | Cleared |
| Fencing | None |
Utilities
| Utilities | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 6385 |
|---|
Area Information
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78741 |
| Area | 9 |
| Community Name | Hamilton C A |
| School District | Austin ISD |
| Elementary School | Allison |
| High School | Eastside Early College |
| Listing VS Median (in Hamilton C A) | |
Price: $485,000 low | high Med: $0 On site: 30 low | high Med: | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 27, 2026 at 5:48:57 PM PDT 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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Learn More About This Property
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78741 |
| Area | 9 |
| Community Name | Hamilton C A |
| School District | Austin ISD |
| Elementary School | Allison |
| High School | Eastside Early College |
| Listing VS Median (in Hamilton C A) | |
Price: $485,000 low | high Med: $0 On site: 30 low | high Med: | |
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