$975,000

Property Overview

This 0.44-acre South Manchaca property at 306 Stassney Lane presents a rare mixed-use opportunity in Austin TX with immediate income-generating potential and substantial development upside. Two recently updated residential buildings currently house tenants whose rents offset carrying costs while you explore commercial or residential expansion possibilities. The GO-MU-NP zoning and high-traffic Stassney frontage—13,000 vehicles daily—position this as an ideal canvas for professional offices, medical wellness uses, creative studios, or live-work concepts. Recent Texas legislative changes under SB840 significantly expand development potential, allowing up to 54 units per acre with reduced compatibility setbacks. The property features ample front parking, green space in back, and multiple storage buildings, all completed with recent fencing and landscaping updates that enhance both functionality and curb appeal.

The South Austin location combines established neighborhood character with rapid amenity growth, making this particularly attractive for entrepreneurs or investors seeking adaptive-use potential. Whether you maintain the current residential income stream or reimagine the property's purpose, the combination of visible road frontage, flexible zoning, and improved structures creates meaningful flexibility that few comparable parcels in the area can offer.

Vox Residential Insight

At 72% above area median per square foot, this property's value lies not in its residential square footage but in its development optionality and income-generating capability—a distinction that savvy investors recognize as fundamentally different from a standard residential purchase. Vox Residential sees South Manchaca properties like 306 Stassney Lane attracting a sophisticated buyer pool who understand that zoning flexibility and tenant-covered holding costs can unlock substantial appreciation as Austin's mixed-use landscape continues evolving.

Agent Description

306 W Stassney Lane is a unique opportunity w/ current residential tenants in place to cover costs while commercial or residential development is explored. For example, recent State changes under SB840 allows up to 54 units per acre and reduces compatibility setbacks, call COA for info. The property totals .44 acres with two separate updated residential buildings (2022) that could easily be converted to offices, additional fencing and landscaping completed after photos, multiple storage buildings on property. Ample parking in the front with green areas in the back that could be converted for additional parking or new dwelling, Stassney frontage allows for great visibility w/ 13,000 cars passing per day. GO-MU-NP zoning, suited for a wide range of professional uses including medical, wellness, creative studios, professional offices, or live/work concepts.

Neighborhood: South Manchaca

This property is located in South Manchaca, Austin, TX. The area is known for Great Value, Generous Lots, Ranch-Style Homes, South Austin Location, Growing Amenities.

At $608/sqft, this listing is priced 80% above the South Manchaca median of $338/sqft.

Property Details

Listing data last updated: July 16, 2026

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