$649,000

Property Overview

This exceptional South Austin redevelopment opportunity sits on a rare 0.30-acre lot in one of Austin's most sought-after infill markets. Located at 4502 1st Street in the family-oriented Garrison Park neighborhood, the property offers significant potential for builders and developers seeking prime parcels in this active corridor. The existing 1958 home is offered as-is, with the true value residing in the expansive land itself and its redevelopment possibilities. Subject to City of Austin approval, the generous lot size presents flexibility for multiple residential units or alternative development scenarios that capitalize on the area's explosive growth.

Garrison Park's appeal extends beyond raw development potential, offering residents walking trails, a community pool, and neighborhood park amenities that enhance the area's desirability. Positioned just minutes from the vibrant South Congress and South Lamar corridors, this location benefits from proximity to established shopping, dining, and cultural destinations while remaining more accessible than comparable parcels in similar markets. The neighborhood's family-oriented character and continued investment in infrastructure make it increasingly attractive to those seeking both personal use and investment opportunities in Austin, TX.

Vox Residential Insight

The Vox Residential team recognizes this as a rare find in today's South Austin market—large, developable parcels in the Garrison Park area are becoming scarce as infill intensifies. For investors and developers, the site's strategic location between major commercial corridors and established neighborhood amenities positions it as a compelling play on Austin's continued residential demand.

Agent Description

APPOINTMENTS HAVE TO BE APPROVED BEFORE SHOWINGS. OWNER OCCUPIED. DO NOT WALK THE LOT WITOUT PERMISSION. Prime South Austin redevelopment opportunity on an expansive ±0.30-acre lot in one of Austin's most active infill markets. The value is in the land. The existing residence is considered a tear-down and is being sold as-is. Large redevelopment parcels in this location are becoming increasingly difficult to find. The generous lot size presents an exceptional opportunity for builders, developers, and investors to capitalize on Austin's continued demand for new residential construction. Subject to City of Austin approval and buyer verification, the property may offer the potential for multiple residential homes or other redevelopment opportunities. Surrounded by new construction and redevelopment projects, this property is ideally positioned for an infill development in a highly desirable South Austin location. Just minutes from South Congress, South Lamar, St. Elmo, Downtown Austin, major employment centers, shopping, restaurants, entertainment, parks, and Austin-Bergstrom International Airport. Easy access to IH-35, US-290, SH-71, and Loop 360 provides outstanding connectivity throughout the city. Rare South Austin Infill Development Opportunity Builder Alert! Premium 0.30-Acre Redevelopment Parcel One of the Few Remaining Large Redevelopment Lots on South First Prime Infill Site in a High-Growth South Austin Corridor Development Opportunity Surrounded by New Construction Land Value Only – Exceptional Builder Opportunity Oversized South Austin Lot with Significant Redevelopment Potential

Neighborhood: Garrison Park

This property is located in Garrison Park, Austin, TX. The area is known for Community Pool, Neighborhood Park, Walking Trails, Accessible Prices, Family-Oriented.

At $731/sqft, this listing is priced 77% above the Garrison Park median of $414/sqft.

Property Details

Listing data last updated: July 16, 2026

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