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914 Shady Ln - Office, Condo, Townhome Development Site

4.13 Acres of Commercial Land in Austin, TX 78702

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Investment Highlights

East Austin InFill Site
Opportunity Zone
Flood study and drainage model completed by TRE Engineers

LR-MU, SF-6 Zoning
Hot East Austin Development Area in 78702
Conceptual Site Plan completed with the City of Austin (comments available)

Executive Summary

914 Shady Lane is an incredible development opportunity in Austin's thriving 78702 district. This 4.138-acre property, nestled in an Opportunity Zone, boasts a prime location for redevelopment. This expansive lot offers unparalleled flexibility. The property's zoning allows for various uses, including Short Term Rentals, Townhomes, Residential, Retail, Restaurants, and more. Its unique SF-6 and LR-MU zoning mix suits campus-style setting. A vibrant community surrounds the site at 914 Shady Lane and is within walking distance of popular spots like Justine’s Brasserie, Hi-Sign Brewery, and Central Machine Works. Additionally, the property is bordered by Boggy Creek and the Anita Ferrales Coy Facility, adding to its charm and appeal. This property also offers the potential for additional tax incentives through its designation as an Opportunity Zone, providing fantastic benefits for business owners. The City of Austin's code further provides a density bonus under Affordability unlocked, creating even more value and potential for development. The initial conceptual plan indicates a potential for up to 60,000 + SF. Don't miss out on this rare infill opportunity in the heart of Austin.
JUNE 2023 UPDATE - Service Extension Request Approved - CITY WILL REMOVE FLOOD PLAIN ON FINAL SITE PLAN. - Tract 1 - 1.722 Acre (SF-6) & Tract 2A - 1.271 Acres (LR-Mixed Use) and Tract 2B - 1.145 Acres (SF-6). The City of Austin agrees the 100-year flood plain will be adjusted and moved back to the channel of Boggy Creek engineered waterway boundary (the conceptual site plan confirms there is no Zone "x" located in the developable area). The Critical Water Quality Setbacks shown on the City of Austin maps, the flood plain, and the Erosion Control Setbacks will match the channel of Boggy Creek.

914_Shady_4_Acres_2023

Emerging Projects in East Austin and Surrounding Neighborhood

914 Shady Lane_Revised Site Layout

Tree Mitigation Costs

Development-Yield_Updated_914_Shady_Lane

Affordabiliy Unlocked Info

Property Facts

Sale Type	Investment	Property Subtype	Commercial
Sale Conditions	1031 Exchange Redevelopment Project	Proposed Use	Commercial Office
No. Lots	1	Total Lot Size	4.13 AC
Property Type	Land	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.

Sale Type	Investment
Sale Conditions	1031 Exchange Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Office
Total Lot Size	4.13 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	4.13 AC

Lot Size	4.13 AC

FEMA 100y AREA REMOVED per watershed. 4.13 Acres, The zoning for the site is LR-MU (Neighborhood Retail/Commercial/Mixed Use) across tract 2B, Tract 2A, and Tract 1 are both zoned SF-6, which allows for townhomes or other residential configurations

Description

Opportunity Zone Redevelopment - Tract 2A - Commercial (LR-MU) 1.27 Acres and Tract 1 (SF-6) 1.72 & Tract 2B (SF-6) single-family/townhome zoning. The property contains two developable areas, one accessed from Shady Lane and three lots (SF-6) accessed from Milburn in the rear of the site. There are many possibilities, such as an Office, mixed-use, Hospitality, and a restaurant; SF-6 provides excellent condo/townhome development. The conceptual site plan is complete with the City of Austin and the watershed department agrees the Flood Plain maps will be amended to the channel of Boggy Creek. TRE Engineers completed a flood modeling study and elevations for the City of Austin to update the Atlas 14 model.

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Bike Score ®

Very Bikeable (77)

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zoning

Zoning Code	LR-MU, SF-6 (Mixed-use zoning commercial - potential uses include office, restaurant, retail, multi-family housing, condo residential, and townhomes.)
LR-MU, SF-6 (Mixed-use zoning commercial - potential uses include office, restaurant, retail, multi-family housing, condo residential, and townhomes.)