$599,000

Property Overview

This fully permitted 6-unit development opportunity on Ponca Street represents a rare chance to build in Austin's rapidly expanding East Riverside corridor without navigating the lengthy entitlement process. The offering comprises two parcels totaling over 14,200 square feet and arrives complete with architectural plans, city-approved permits, engineering documents, and comprehensive site studies—everything needed to break ground immediately. The modern condo project has already cleared municipal hurdles, positioning the buyer to move directly into construction.

Located in a strategic pocket of East Austin, the property offers seamless access to Downtown, Austin-Bergstrom International Airport, the Oracle campus, and major transportation corridors. The approved development provides exceptional flexibility: buyers can pursue condominium sales, establish a rental portfolio, or blend both strategies depending on market conditions and investment goals. At $520 per square foot, this development-ready offering sits competitively among recent comparable new construction sales in the area.

Vox Residential Insight

From Vox Residential's perspective, this represents exactly the kind of pre-approved development asset that sophisticated investors in Austin's East Riverside submarket seek—the entitlement process has already consumed months and legal costs, so the true advantage lies in eliminating that timeline. With Oracle's continued expansion and downtown-adjacent positioning, a fully permitted mid-rise condo play on Ponca Street aligns perfectly with the neighborhood's trajectory toward higher-density mixed-use development.

Agent Description

ully permitted 6-unit development opportunity in Austin’s rapidly growing East Riverside corridor. This offering includes two parcels (not a single lot), along with architectural plans, city-approved permits, engineering documents, and site studies, allowing a buyer to begin construction without the typical entitlement process. Approved for a modern 6-unit condo project, the property offers flexibility for condominium sales, long-term rentals, or a hybrid investment strategy. Excellent location with convenient access to Downtown Austin, Austin-Bergstrom International Airport, the Oracle campus, and major highways. Comparable new construction in the area has recently sold in the mid-$500,000 range. Buyer to independently verify all development information, permits, zoning, project approvals, square footage, comparable sales, and any applicable development requirements.

Property Details

Listing data last updated: July 16, 2026

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