4602 Richmond Ave

Austin, TX 78745

About this property

Exceptional development opportunity in the heart of South Austin! Situated on an expansive, level lot of approximately one-quarter acre, this coveted property is surrounded by mature trees, historic charm, and new development. With desirable SF-3 zoning, there are numerous possibilities; whether you are looking to build a custom home, pursue a lucrative redevelopment project, or invest in one of Austin's most sought-after neighborhoods. The existing home needs repair and is being sold As-Is. The main value resides in the lot and location. This prime setting offers convenient access to Downtown Austin, South Congress, South Lamar, Lady Bird Lake, Zilker Park, and an array of restaurants, shopping, and entertainment options. This property offers opportunity for the discerning builder or investor. Rarely does a property combining this size, flexible zoning, and premium central placement come available on the market. All information provided is deemed reliable but is not guaranteed and should be independently verified. Buyer is advised to verify all measurements, schools, taxes, development requirements, etc.

About this property

Exceptional development opportunity in the heart of South Austin! Situated on an expansive, level lot of approximately one-quarter acre, this coveted property is surrounded by mature trees, historic charm, and new development. With desirable SF-3 zoning, there are numerous possibilities; whether you are looking to build a custom home, pursue a lucrative redevelopment project, or invest in one of Austin's most sought-after neighborhoods. The existing home needs repair and is being sold As-Is. The main value resides in the lot and location. This prime setting offers convenient access to Downtown Austin, South Congress, South Lamar, Lady Bird Lake, Zilker Park, and an array of restaurants, shopping, and entertainment options. This property offers opportunity for the discerning builder or investor. Rarely does a property combining this size, flexible zoning, and premium central placement come available on the market. All information provided is deemed reliable but is not guaranteed and should be independently verified. Buyer is advised to verify all measurements, schools, taxes, development requirements, etc.

Features and Additional Information

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$480,000 Active Under Contract
3 Bed(s)
1
Bath
986 sqft

Presented By Coldwell Banker Commercial Gateway

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Get in touch today! Phone: 1-956-937-2930
Brokerage
Compass RE Texas, LLC
1-512-575-3644
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Area Information

10N | Travis County | Forest Oaks

$ 480,000
This listing is play_arrow 12.9% higher than the average in the area
$ 425,000 in the area
986 SqFt
This listing is play_arrow 54.7% smaller than the average in the area
2,177 SqFt in the area
$ 487 $/SqFt
This listing is play_arrow 146.1% more than the average in the area
$ 198 $/SqFt in the area
27 days on site
This listing is play_arrow 81.6% below the average in the area
147 days on site in the area

Schools in the Area

  • turned_in
    Elementary School
    Joslin
  • turned_in
    Middle School
    Covington
  • turned_in
    High School
    Crockett

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Listed By Katy Hall
Brokerage: Compass RE Texas, LLC

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