2008 E William Cannon DriveAustin, TX 78744
Eighty One William Cannon Join · Travis County
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.
Property Information
- Property type
- Commercial Sale
- Lot size
- 6.79 acres
- Days on market
- 21
- MLS® Listing#
- 628161
Property Features
- Cooling
- None
- Heating
- None
- Parking
- None
- Lot features
- City Lot · Other · See Remarks
- Foundation
- None
- Community
- None
- Utilities
- Underground Utilities
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- Annual taxes
- $29,054Tax year 2026
- Parcel number
- 336595
Directions
From Downtown Austin, take I-35 South ~6.5 miles to Exit 228 (William Cannon Dr). Turn left (east) onto E William Cannon Dr and proceed 0.4 miles. The property (2008 E William Cannon Dr) is on the left, directly adjacent to La Mexicana Supermercado. For 1814 Nelms Dr access, turn left on S Pleasant Valley Rd, then left on Nelms Dr to the cul-de-sac.
Listing Courtesy: Redfin Corporation - 817-783-4605
