320 W William Cannon Drive

Austin, TX 78745
$2,500,000
4,800 sqft

Description

CS-MU-CO-NP zoned and ready for what's next. The CS base is one of Austin's broadest commercial designations, opening the door to an exceptional range of by-right uses -- restaurant and food service, retail, medical and professional office, personal services, financial services, food sales, and more. The Mixed Use overlay layers residential on top, allowing multifamily, condominium, townhouse, or mixed-use development on the same site. The property was previously permitted for restaurant use and retains an existing grease trap on site -- a head start for any food and beverage operator. Not in a flood zone, no creek buffer, no major environmental constraints, and the city has confirmed strong building coverage and FAR potential -- a clean path forward for a wide range of commercial or mixed-use visions. 4,800 SF freestanding on 1.12 acres with about 65 paved parking spaces and a lot-to-building ratio that gives a new owner real flexibility. Hard corner at a signalized intersection on W William Cannon Drive -- one of South Austin’s most heavily traveled corridors — the site benefits from exceptional frontage, strong daily traffic counts, easy ingress/egress, and visibility that is billboard-grade. Repurpose the existing improvements, expand the current footprint, or pursue a more substantial redevelopment play. Signalized corner sites with this level of zoning flexibility, parking, visibility, and land size rarely trade at this price point in South Austin. Contact listing agent today for questions and a private tour!

Property Type: Commercial - MixedUse
MLS Status: Active
MLS: 2479764
Year Built: 1987
County: Travis
Tract or Division: Southridge Plaza
List Date: 05/28/2026
Area: 10N
Square Feet: 4,800
Total Beds:
Full Baths:
Half Baths:
Acres: 1.12
Lot Size (sqft): 48,739

800.451.8055

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Interior Features

 
Kitchen:
  • Negotiable
Floor Coverings:
  • Carpet
  • Laminate
  • Tile
Virtual Tour:

Exterior Features

 
Parking:
  • OnSite
  • Paved
  • ParkingLot
Lot Description:
  • Level
  • MatureTrees
Siding:
  • BrickVeneer
Foundation:
  • Slab

Utilities

 
Heating/Cooling:
  • Central
Utilities:
  • CableConnected
  • ElectricityConnected
  • NaturalGasAvailable
  • PhoneConnected
  • SewerConnected
  • WaterConnected

Additional Property Details

 
Listing Agent: John Mundell
Broker: Compass RE Texas, LLC
Listed by: John Mundell, Compass RE Texas, LLC
Phone: 512.575.3644

Location

Schools

School Name Grades Admission
Crockett High School 9 - 12 Regular
Bedichek Middle School 6 - 8 Regular
Pleasant Hill Elementary School EE - 5 Regular
3 Schools

*All school information should be verified by local Independent School District.

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* Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer.

The information contained herein is furnished by the owner to the best of his/her knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

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