$650,000

Property Overview

This 1935 cottage on Holly Street occupies one of East Austin's most enviable positions, sitting directly across from beloved Gati Cafe and Bread Basket Market while remaining steps from the thriving Rainey Street District and Lady Bird Lake. The nearly half-acre lot spans 6,499 square feet with substantial depth and alley access, presenting a rare canvas for reimagining in a neighborhood experiencing rapid evolution. The 960-square-foot main residence requires significant renovation, but the property's zoning flexibility—permitting mixed-use, commercial, or residential development—opens multiple possibilities for creative investors and builders.

Beyond the structure itself, the land tells the real story. Two mature pecan trees anchor the rear corner, with space between them for potential secondary development, a feature that speaks to the lot's untapped potential. Walking distance to Iron Works, Lucky Duck, and Franklin BBQ underscores Holly Street's position as Central Austin's cultural crossroads, where historic character meets explosive growth. At $677 per square foot, the pricing reflects both the property's development potential and the neighborhood's upward trajectory as East Austin's restaurant, brewery, and arts scene continues to define Austin's urban identity.

Vox Residential Insight

This property represents a rare opportunity in East Austin where land value and zoning flexibility may ultimately exceed the value of the existing structure, making it particularly attractive to developers navigating the neighborhood's ongoing transformation. The Vox Residential team recognizes that Holly Street's proximity to downtown, combined with mixed-use zoning potential, positions this as a strategic play in one of Austin's most dynamic neighborhoods.

Agent Description

Fantastic location in the heart of Holly Street across from Gati Cafe! Also super close to downtown and Lady Bird Lake! Zoned MF, Commercial, or Residential. 960 sqft home built in 1935 (TCAD) ready for major remodeling. Alley access lot is .149 acre / 6,499 sqft per tax record approximately 44’ wide at front and 45’ at rear and 145’ deep. CS and SB 840 MF zoning are indicated by the Zonability report. Of course, the buyer is to do your own research and verify permitted uses. There is also space between 2 pecans in the rear for a second structure - see image for a rough sketch of one idea. If you are not familiar with this location, here are the walking distances to some nearby Central Austin landmarks, according to Google Maps: Gati Cafe and Bread Basket Market are directly across the street. Lady Bird Lake .6 mi. Rainey Street District .6 mi. Iron Works .9 mi. Capitol 2 mi. Driscoll 1.5 mi. Franklin BBQ 1.3 mi. Lucky Duck 0.8 mi. Airport 6.3 mi. Guero's and Homeslice 2.3 mi. Zilker 2.7 mi. Auditorium Shores 1.9 mi. Four Seasons 1.1 mi. Disch-Faulk 2 mi. Moody 2.2 mi. ACL Live 1.4 mi. Barton Springs Pool 3.1 mi.

Neighborhood: East Austin

This property is located in East Austin, Austin, TX. The area is known for Thriving Arts Scene, Top Restaurants & Breweries, Historic Homes, Modern New Construction, Cultural Diversity.

At $677/sqft, this listing is priced 27% above the East Austin median of $532/sqft.

Property Details

Listing data last updated: May 19, 2026

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