Share this with your friends
512-804-6564
Compass RE, LLC
2008 E William Cannon Dr, Austin, TX 78744
- $3,250,000
- List Price
- $3,250,000
- Status
- ACTIVE
- MLS#
- 1385355
- Days on Market
- 0
- Lot Size
- 506,602
- Area
- Austin - Southeast
Property Description
This 11.63-acre suburban infill development opportunity is strategically positioned along E. William Cannon Drive, approximately 2,000 feet east of Interstate 35 in the high-growth South Austin submarket. The offering consists of two contiguous parcels: 2008 E. William Cannon Drive (6.79 gross acres) and 1814 Nelms Drive (4.88 gross acres), providing a rare dual-access configuration that combines commercial arterial visibility with quiet residential ingress and egress via the Nelms Drive cul-de-sac. Comprehensive civil engineering feasibility and site planning completed by MIGL Engineering demonstrate an optimized 8.86-acre net developable footprint designed specifically for Class A multifamily density. Utilizing an MF-4 rezoning framework, draft site concepts establish a high-yield potential ranging from 171 to 215 residential units across 300,000 to 381,000 square feet of gross floor area. The engineered layouts accommodate building heights up to 58 feet while integrating flexible double-podium, tuck-under, and surface parking structures. The site is substantially de-risked by existing utility connectivity, featuring a 10-inch ductile iron wastewater main on-site and 12-inch water mains along both street frontages. Furthermore, the tract leverages an existing regional water quality and detention facility serving the drainage basin, saving millions in upfront site work. Capitalizing on the City of Austin's elimination of municipal minimum parking requirements, a buyer can maximize buildable density and capital efficiency in one of Austin's most accessible multifamily corridors.
Additional Information
- Taxes
- $29,054
- Tax Year
- 2026
- Region
- Austin - Southeast
- View
- Greenbelt
- School District
- Austin ISD
- Elementary School
- Perez
- High School
- Akins
- Middle School
- Mendez
- Sewer
- See Remarks, Public Sewer
- Street Name
- E William Cannon Dr
- Street Number
- 2008
- Neighborhood
- Eighty One William Cannon Join
- Water
- See Remarks, Public
- Acres
- 11.63
- County
- Travis
- Lot Description
- See Remarks
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Listing courtesy of Redfin Corporation. Contact: (512) 710-0156
Brought to you by the Austin Board of REALTORS® All visitors are subject to ABoR Terms and Conditions of Use.