$185,000

Property Overview

This 0.27-acre lot in Georgian Acres offers developers and investors substantial redevelopment potential in an established Austin neighborhood positioned for growth. Located on Primrose Street near The Domain and Q2 Stadium, the property features SF-3 zoning on a secluded, level homesite ideal for new construction. The existing 1945 structure qualifies as a tear-down, providing a blank canvas for builders and visionary buyers ready to capitalize on Austin's expanding real estate market. With convenient highway access and proximity to Downtown Austin, this Dean Terrace location delivers strong value fundamentals in an area experiencing steady appreciation.

The generous 11,900-square-foot lot commands significant premium pricing per square foot due to its development-ready positioning and strategic location near major Austin employment corridors. Four parking spaces and partial fencing add functional appeal to the property. Whether held as an investment, developed into a new residence, or incorporated into a larger project, 404 Primrose St presents a rare opportunity to build equity in a well-connected, affordable neighborhood on Austin's north side.

Vox Real Estate Insight

The Vox Real Estate team recognizes this as a classic land-value play in an emerging corridor, where the lot's size and zoning alignment significantly outpace the area's current median price per square foot. For builders and investors tracking Austin's northward expansion, this Dean Terrace opportunity represents precisely the kind of entry point the market rewards early.

Agent Description

PRIME AUSTIN REDEVELOPMENT OPPORTUNITY! Bring your builder, investor, or individual vision to this oversized 0.273-acre (approx. 11,892 SF) lot in an established Austin neighborhood. With SF-3 zoning, a large secluded homesite, 404 Primrose St presents an exceptional opportunity for anyone looking to create something new in an established Austin location. VALUE IS IN THE LAND! BUILD • INVEST • HOLD • REDEVELOP — The existing structure is considered a likely tear-down, allowing the next owner to reimagine the property and take advantage of the generous lot size. Whether you're a builder searching for your next project, an investor looking for a well-connected Austin property, or a buyer wanting to build from the ground up, this property offers exciting possibilities. Property sold AS-IS. Buyer to independently verify zoning, lot dimensions, development potential and all other development information with the City of Austin. Conveniently located just minutes from Downtown Austin and The Domain, with easy access to major employers, shopping, dining, entertainment, and approximately 2.5 miles from light rail.

Neighborhood: Georgian Acres

This property is located in Georgian Acres, Austin, TX. The area is known for Affordable Living, Near The Domain, Q2 Stadium Access, Highway Convenience, Growing Area.

At $605/sqft, this listing is priced 121% above the Georgian Acres median of $274/sqft.

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