Ideal HOME / HOME2 development site. This 2.01+/- acre assemblage of two 1+/- acre city lots is in the sweet spot for size and density under the code, ideal for a mid-density entry level sale or single family rental development in the heart of Austin. Feasibility studies by LLVLL Design / Build projects up to 31 units @ 1650 sqft / unit, equating to over 51,000 buildable sqft, extracting maximum benefit from 90% FAR allowed under the code if used strategically. At 51k sqft land cost is under $30/sqft. Nice level site with easy access. Arborist indicates all existing trees can be removed. The existing homes are both occupied allowing for a low cost entry point leveraging conventional residential lending and substantial interim rental income while in the lead up to groundbreaking. One of both of the existing homes could be saved / renovated/ flipped to substantially lower the cost basis on the land with minimal impact to the total project unit count. I-35 Capital Express South project with easy access from both directions and a 2023 daily traffic count of over 190,000. Major infrastructure improvements related to the TXDOT effort just completed. Buyers to do all their own due diligence. Contact LA for more information.
Features of 700 & 604 Corral Ln
MLS® #
2767810
Price
$1,349,000
Bathrooms
0.00
Acres
2.01
Year Built
1959
Type
Commercial
Sub-Type
Other
Status
Active
Has Pool
No
Water Feature/View
View
None
Is Waterfront
No
Community Information: Austin
Address
700 & 604 Corral Ln
Area
10S
Subdivision
Circle S Ridge Sec 01
City
Austin
County
Travis
State
TX
Zip Code
78745
Amenities of 700 & 604 Corral Ln
Utilities
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Parking
None
Interior of 700 & 604 Corral Ln
Fireplace
No
Exterior of 700 & 604 Corral Ln
Lot Description
Level
Construction
Brick, Frame
Additional Information On 700 & 604 Corral Ln
Days on Market
185
Zoning
SF-2, HOME & HOME2 compat
Foreclosure
No
Short Sale
No
RE / Bank Owned
No
Gated Community
No
Property History
Price Reduced from $1,500,000 to $1,349,000
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: Texas Ally Real Estate Group(512) 763-2559. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from September 20th, 2026 at 9:15pm 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.
