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Pam Compean

compean.pamala@gmail.com +1(512) 779-2009

$ 3,250,000

Est. payment -/mo

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2008 E William Cannon DR Austin, TX 78744

11.63 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Eighty One William Cannon Join

MLS Listing ID 2323827

Year Built 2026

Annual Tax Amount $29,054

Tax Year 2026

Lot Size 11.630 Acres

Acres 11.63

Property Sub-Type Multi Family

Source actris

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.

Location

State TX

County Travis

Area 11

Zoning Dual-zoned Multifamily M

Interior

Heating None

Cooling None

Flooring See Remarks

Fireplace N

Exterior

Utilities Available See Remarks, Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available

View Downtown, Park/Greenbelt, Trees/Woods

Accessibility See Remarks

Building

Foundation None

Sewer See Remarks, Public Sewer

Water See Remarks, Public

Structure Type Other

New Construction No

Others

Restrictions See Remarks,Building Size,City Restrictions,Covenant,Deed Restrictions,Easement,Environmental,Zoning

Acceptable Financing See Remarks, Cash, Conventional

Tax Rate 2.04

Listing Terms See Remarks, Cash, Conventional

Special Listing Condition Standard

Listed by Redfin Corporation • Scott Gustafson

NEARBY SCHOOLS & PROPERTIES

Pam Compean

Agent

+1(512) 779-2009

Pam Compean

2008 E William Cannon DR Austin, TX 78744

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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2008 E William Cannon DR