2448 S 1st StAustin, TX 78704

Description

Zoning: CS-V-ETOD-DBETOD. See additional explanations in the documents: Commercial Services, Vertical Mixed Use, East Riverside Transit-Oriented Development, and Density Bonus. The property has strong redevelopment potential. (CS Base Zoning-Commercial Services), (V-Vertical Mixed Use allows residential units above ground-floor commercial), (ETOD-East Riverside Transit-Oriented Development, focus on walkability, allows density, reduced parking), (DBETOD-Density Bonus ETOD, allows additional height, density, or floor-area ratio, affordable housing, optional, not mandatory). Why not consider a Lease Back while you run your project through the City of Austin? Could it be a possible option? TCAD combined lots = 15,264 sq.ft., .35AC Unique opportunity to acquire two contiguous lots improved with an operating restaurant, including land, building, and all associated FF&E. The business has successfully operated at this location for over 25 years, reflecting long-term stability and market presence. Situated just over two miles from Downtown Austin in the highly sought-after 78704 area, the property has been well-maintained. It provides a strong foundation for continued restaurant operations or alternative commercial use. Ownership is open to reasonable offers and is prepared to engage in a timely transaction. Flexible terms may be considered with an acceptable offer. Showings are by appointment only and handled discreetly. Do not contact staff or employees under any circumstances.

Property Information

Property type

Commercial Sale

Sub-type

Retail

Year built

1963

Building area

2,439 Sq Ft

Lot size

0.16 acres

Parking spaces

2025

Days on market

268

MLS^® Listing#

1306385

Property Features

Cooling

Central Air · Electric

Heating

Central · Natural Gas

Flooring

Tile

Parking

On Site · Outside

Construction

Frame · Glass · Cement Siding · Stucco

Foundation

Slab

Other structures

None

Utilities

Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$20,807Tax year 2025

Assessed value

$1,016,742

Parcel number

04040407110000 & 04040407150000

Directions

From downtown, 2.4 miles south on So 1st St. The Property is on the westside of 1st Street, one-half block south of W. Oltorf St..