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!
Features of 320 W William Cannon Dr
MLS® #
2479764
Price
$2,050,000
Bathrooms
0.00
Acres
1.12
Year Built
1987
Type
Commercial
Sub-Type
Mixed Use
Status
Active
Has Pool
No
Water Feature/View
View
None
Is Waterfront
No
Community Information: Austin
Address
320 W William Cannon Dr
Area
10N
Subdivision
Southridge Plaza
City
Austin
County
Travis
State
TX
Zip Code
78745
Amenities of 320 W William Cannon Dr
Utilities
Cable Connected, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected, Water Connected
Parking
Paved, On Site, Parking Lot
Interior of 320 W William Cannon Dr
Interior
Carpet, Laminate, Tile
Heating
Central
Fireplace
No
Exterior of 320 W William Cannon Dr
Lot Description
Level, Mature Trees
Construction
Brick Veneer
Foundation
Slab
Additional Information On 320 W William Cannon Dr
Days on Market
117
Zoning
CS-MU-CO-NP — General Com
Foreclosure
No
Short Sale
No
RE / Bank Owned
No
Gated Community
No
Property History
Price Reduced from $2,250,000 to $2,050,000
Price Reduced from $2,500,000 to $2,250,000
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Data Provided By: Compass RE Texas, LLC(512) 575-3644. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from September 21st, 2026 at 3:33pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.
