1600 Montopolis Drive
Austin, TX 78741
$692,000
Description
Prime Riverside Development Opportunity – GR Zoning SB-840 Eligible 5 Stories Allowed Exceptional development opportunity near the rapidly evolving Riverside Drive corridor. This GR-zoned corner lot, currently eligible under SB-840, allows for a streamlined residential up to 5 stories permitted under existing code , with no residential setbacks and no neighborhood plan restrictions with 4 units that could be developed by right and. The site also offers flexibility for commercial or mixed-use development, giving builders and investors multiple exit strategies. Two adjacent attached residential parcels provide an expanded footprint and may be candidates for rezoning(separate listings), creating the potential for a larger, higher-density project. Ability to purchase additional parcels Situated within one of Austin’s most transformative growth corridors, the property is surrounded by major developments such as Oracle’s corporate campus approximately 1.7 miles away and multiple high-density mixed use projects reshaping East Riverside. The site sits near the proposed Montopolis ETOD (Equitable Transit-Oriented Development) area and the future Project Connect Montopolis train station, positioning this property for long term appreciation as transit oriented redevelopment accelerates. Featuring excellent visibility, strong traffic counts, and immediate access to major arterials, this location is ideally suited for forward-thinking residential or mixed-use development. A rare opportunity to secure a flexible, high-growth infill site in the path of massive redevelopment. Broker/Owner
Location
Schools
| School Name | Grades | Admission |
|---|---|---|
| Martin Middle School | 6 - 8 | Regular |
| Allison Elementary School | EE - 5 | Regular |
| Eastside Early College High School | 9 - 12 | Regular |
| 3 Schools | ||
*All school information should be verified by local Independent School District.
* 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.