$320,000

Property Overview

This expansive 9,100-square-foot lot on Delmar Avenue in St. Johns presents a rare land-banking opportunity in one of Austin's most strategically positioned neighborhoods. The existing 1945 single-family home sits in rentable condition, offering immediate income potential while you evaluate the property's highest and best use. With direct proximity to the IH-35 and US 183 interchange, this South-facing parcel positions investors and builders to capitalize on the Airport Boulevard Corridor's accelerating growth and development momentum.

St. Johns continues emerging as an affordable alternative to Austin's central neighborhoods, with new restaurants, retail, and commercial activity reshaping the area's trajectory. Located minutes from downtown, Austin-Bergstrom International Airport, and Mueller's mixed-use district, the location commands premium accessibility without premium pricing. Whether held for appreciation, developed as a custom residence, or reimagined as a duplex or multi-family project, this three-bedroom property on Delmar Avenue offers flexibility that raw land cannot. The lot includes a metal storage building and benefits from level terrain, public utilities, and central air conditioning.

Vox Real Estate Insight

The Vox Real Estate team recognizes this property's value extends far beyond its current structure, as the substantial lot size and highway corridor positioning place it squarely in Austin's path of institutional investment and commercial expansion. For buyers and developers evaluating St. Johns as a redevelopment play, this Delmar Avenue holding offers immediate cash flow potential paired with long-term appreciation upside that's increasingly rare at this price point.

Agent Description

Prime lot located close to the IH-35 frontage road at Delmar Ave, just south of the US 183/IH-35 interchange. Offering over 9,000 square feet, this property presents a versatile opportunity for investors or builders. The existing home is in fair rentable condition, providing immediate income potential, or it can be torn down to make way for a new project such as a custom home or duplex development. Ideally situated with quick access to major highways, the property is just minutes from downtown Austin, Austin-Bergstrom International Airport, Mueller’s shopping and dining, and a variety of popular local destinations. A metal storage building is located behind the house. Contact the listing agent today for more details. Vacant — go and show. Please use caution when touring the property, especially behind the home and toward the rear of the lot. Information is deemed reliable but not guaranteed. Buyer and Buyer’s Agent to verify all measurements, schools, taxes, and other pertinent information.

Neighborhood: St. Johns

This property is located in St. Johns, Austin, TX. The area is known for Affordable Near Central, Growing Investment, New Restaurants, Growth Potential, Airport Blvd Corridor.

At $533/sqft, this listing is priced 67% above the St. Johns median of $319/sqft.

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