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55 N Interstate Hwy 35Austin, TX 78702
55 N Interstate 35
Asset ClassLand, Office
Land1.06 Acres
Square Feet: 28,562Year Built: 1971Access Data Room
Premier East Austin Redevelopment Opportunity | 1.064 Acre Site Adjacent to Rainey Street
overview of deal

Overview

Cushman & Wakefield’s Central Texas Private Capital Group is pleased to present to the market, 55 N Interstate 35, a premier East Austin redevelopment opportunity for an approximately 1.064-acre site. The site benefits from direct access, visibility, and frontage on Interstate 35, Austin’s highest trafficked major roadway with 194,000 vehicles per day connecting Austin south to San Antonio and north to Dallas. The property is directly adjacent to the Rainey Street Entertainment District (0.25 miles), the Hatchery mixed-use project (0.20 miles), Lady Bird Lake Hike & Bike Trail (0.40 miles), and less than a mile from Plaza Saltillo, the largest retail and entertainment district serving East Austin. The property features an existing 28,562 square foot two story building offering flexibility for an owner user, adaptive reuse project, or a covered land investment opportunity. The site is currently zoned LO-MU, Limited Office-Mixed Use, but is a strong candidate for Austin’s new Density Bonus 90 (DB90) program which grants up to 90 feet height limits and reduces compatibility requirements if affordable components are met. 55 N Interstate 35 offers an incredible opportunity for developers, investors, or owner users to acquire one of Austin’s most prominent East Austin properties at the gateway to both Downtown and East Austin.

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Investment Highlights

  • Exclusive East Austin Redevelopment Opportunity
  • Gateway Location to Downtown & East Austin
  • Existing Improvements Offer Adaptive Reuse, Repositioning, or Owner User Opportunity
  • Amenity Rich Location Adjacent to Rainey Street, Lady Bird Lake Trails, & Plaza Saltillo
  • Prominent Location Directly on Interstate 35, Providing Exceptional Visibility & Access
  • Strong Candidate for Density Bonus 90 (DB90) Rezone
  • Transit Oriented Location Featuring a Bike Score of 96 and Walk Score of 84 (Walkscore.com)

Offering Overview

Description
Land Size
+/- 1.0624 Acres
Property Size
28,562 SF
Zoning
LO-MU; Limited Office-Mixed Use, E Cesar Chavez Neighborhood Plan
Potential Rezoning
CS-MU-DB90-NP
Year Built
1971; Ren 1987
Parking
±100 Surface Parking Spaces (3.50:1,000 Parking Ratio)
Occupancy
Owner Occupied; Vacant Upon Sale
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55 N Interstate Hwy 35Austin, TX 78702

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