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4712 Milburn Ln - Milburn & Mansell SF-6

1.72 Acres of Residential Land in Austin, TX 78702

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Investment Highlights

Qualified Opportunity Zone
Ample impervious cover allowance
Best of 78702 - walking distance to Justine's, Hi-Sign Brewery & Austin Bouldering Project

Nestled in Trees with Park & Creek buffers
Adjacent to new Multi-family development

Executive Summary

Property is part of a larger 4.13 Acres zoned SF-6 and LR-MU. The owners will consider subdividing the rear SF-6 lot for a townhome or duplex development. Estimated potential 6,000 SF footprint and up to three stories with 6 to 8 total units and potential up to 17,000 SF with a vertical townhome approach. Tucked away and private oasis.

Tract 1 Package

Property Facts

Sale Type	Investment or Owner User	Property Subtype	Residential
Sale Conditions	Redevelopment Project	Total Lot Size	1.72 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land

Sale Type	Investment or Owner User
Sale Conditions	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	1.72 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot 1

Lot Size	1.72 AC

Lot Size	1.72 AC

The 1.722 Acres located at Milburn Lane and Mansell in East Austin 78702 is located in a Qualified Opportunity Zone. Flat area, with driveway access to the creek. No floodplain, and bordered by greenbelt views of the park and Boggy Creek.

Description

SF-6 lot totaling 1.722 acres, located in a Qualified Opportunity Zone with a large portion of the property located in the Boggy Creek waterway that does not count as impervious cover. Potential for duplex or townhome development with an estimated yield of 6 to 10 units totaling 17,000 SF in a vertical stacked program. NRP is developing an MF project next door at the Coy Complex and adding a new school for AISD. Walking distance to Justine's and Hi-Sign Brewery. The property is currently part of a larger 4.13-acre site bounded by 914 Shady Lane, but owners will consider subdividing Tract 1 on Milburn. The open park area to the South of the site cannot be developed and will create a beautiful greenbelt buffer with views and Boggy Creek buffer to the North creating a private enclave nestled in the trees. City of Austin driveway easement to the Creek. Premilinary Conceptual site plan approved by the City of Austin, Service Extension Request completed. Utilites are adjacent to the site with electricity already installed. Short-term potential for AIRBnB or tiny home development.

1 of 1

Bike Score ®

Very Bikeable (83)

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zoning

Zoning Code	SF-6 (Single-family 6 allows townhomes, duplex, or single-family development. Estimated 6 to 8 units depending on size, potential for vertical 17,000SF)
SF-6 (Single-family 6 allows townhomes, duplex, or single-family development. Estimated 6 to 8 units depending on size, potential for vertical 17,000SF)