$675,000

Description

Located in the heart of East Austin, 1124 Tillery Street presents a rare opportunity to acquire an approximately 0.25-acre lot with an existing ~802 square-foot single-family home and multiple potential development strategies. Land is zoned for SF3. Subject to City of Austin approval, a buyer could renovate or expand the existing residence, preserve and sell the original home while developing additional residences on the remaining land, subdivide the property into smaller residential lots, or remove the existing structure and pursue a higher-density redevelopment plan. The surrounding market demonstrates strong demand for thoughtfully designed infill construction: recently completed homes on Tillery Street have sold in approximately the mid-$600,000s, while a larger 2,405-square-foot new-construction home at 1506 Tillery Street is currently offered at approximately $1.1 million. With convenient access to Downtown Austin, Mueller, East 11th Street, local restaurants, entertainment, parks, trails, and major employment centers, the property offers compelling potential for a builder, developer, investor, or owner-occupant seeking long-term value in one of East Austin’s most active infill corridors. Buyer to independently verify zoning, subdivision feasibility, allowable density, unit count, lot dimensions, utilities, protected-tree requirements, demolition restrictions, permitting, and all proposed uses with the City of Austin and other applicable authorities.

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