$750,000

Approximately 0.49 acres of cleared, unimproved land in the Banister Heights neighborhood of 78704, one block north of Ben White Blvd with quick access to South First, South Lamar, and IH-35. Zoned LR-MU-CO per public records. LR is a commercial base district, the zoning category addressed by Texas Senate Bill 840, effective September 1, 2025, which establishes a by-right pathway for multifamily and mixed-use residential development on commercially zoned land. City of Austin implementation guidelines published for SB 840 sites reference density of up to 54 units per acre, a height standard of the greater of 45 feet or the height otherwise permitted on the site, no floor-to-area ratio cap, and administrative rather than discretionary review. Austin has no citywide off-street parking minimum. Achievable density and building envelope on this parcel will depend on Conditional Overlay terms, watershed classification, impervious cover, compatibility standards, and site design. No representation is made as to units achievable. Buyer to independently verify all zoning, entitlement, environmental, and site conditions with the City of Austin and its own professional advisors.