EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE · JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721 FOR...

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www.cbre.com/ucr JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721 FOR SALE EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE

Transcript of EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE · JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721 FOR...

Page 1: EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE · JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721 FOR SALE EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE. PROPERTY INFO + Rare assemblage of

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JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721

FOR SALE

EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE

Page 2: EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE · JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721 FOR SALE EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE. PROPERTY INFO + Rare assemblage of

PROPERTY INFO + Rare assemblage of urban infill land in east Austin.

+ Rezoning is in process (currently SF-3-NP. Seller has applied for SF-6-NP and is negotiating it with the municipality).

+ Minutes to downtown core and Mueller redevelopment.

+ The area maintains a strong market for single family, condominium or multifamily product.

+ Feasibility study from Austin Civil Engineering available upon request.

+ No floodplain on site.

SIZE

+ 5.215 AC

PRICING

+ $1,900,000

FOR SALE | EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE | JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721

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2017 Demographics

1 Mile 3 Mile 5 Mile

Total Population 9,806 87,887 271,915

Daytime Population 11,248 92,428 451,403

Households 3,337 32,062 107,574CONTACT US

Michael Bullard

Senior Associate512 499 [email protected]

Page 3: EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE · JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721 FOR SALE EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE. PROPERTY INFO + Rare assemblage of

FOR SALE | EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE | JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721

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Page 4: EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE · JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721 FOR SALE EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE. PROPERTY INFO + Rare assemblage of

FOR SALE | EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE | JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721

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Page 5: EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE · JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721 FOR SALE EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE. PROPERTY INFO + Rare assemblage of

FOR SALE | EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE | JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721

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Page 6: EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE · JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721 FOR SALE EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE. PROPERTY INFO + Rare assemblage of

FOR SALE | EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE | JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721

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SOURCE: 2017 AUSTIN BOARD OF REALTORS

Page 7: EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE · JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721 FOR SALE EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE. PROPERTY INFO + Rare assemblage of

FOR SALE | EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE | JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721

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$1.48

$1.37

$1.34

$0.80

$0.90

$1.00

$1.10

$1.20

$1.30

$1.40

$1.50 2000+ 1990s 1980s

Austin Rent Growth by Construction DateMULTI-FAMILY RENT GROWTH BY CONSTRUCTION DATE

SOURCE: AUSTIN INVESTOR INTERESTS

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FOR SALE | EAST AUSTIN RESIDENTIAL DEVELOPMENT SITE | JACKIE ROBINSON ST AND DELANO ST, AUSTIN, TX 78721

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1,000

950

900

850

800

750

700

650

600

550

500

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Non-

Farm

Jobs

(tho

usan

ds)

1,018,900 – August 2017 Austin MSA Employment21,100 – August 2017 T-12 Employment Growth

2.10% – August 2017 T-12 Employment Growth %133,600/ 15.03% – August 2017 T-5 Year Employment Growth

2016

HISTORICAL AUSTIN JOB GROWTH

SOURCE: WORKFORCE INFORMER

© 2017 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.