$299,999

Property Overview

This East Austin corner lot on Lott Ave presents a rare development opportunity in one of the city's most dynamic neighborhoods. Sitting on nearly 7,500 square feet with mature trees and greenbelt backing, the property offers significant potential for builders and investors eyeing the area's rapid transformation. The 1953 single-family home serves as a blank canvas—ready for complete renovation or removal to make way for modern construction. Recent improvements including a new roof and wrought-iron-gated fence add immediate value while the land itself remains the true asset in this prime location.

The neighborhood context amplifies the appeal. Walking distance to Givens District Park with its gym, sports courts, and pool places residents within reach of East Austin's recreational amenities. Morris Williams Golf Course and convenient access to downtown dining and entertainment underscore the area's momentum. The property's proximity to a fire station adds practical appeal for any future residential use.

At $426 per square foot, this represents compelling pricing for developers exploring multi-unit potential or single-family infill opportunities. Surrounded by new construction and positioned within minutes of Austin's urban core, 5001 Lott Ave captures the intersection of established neighborhood character and emerging market potential that defines contemporary East Austin real estate.

Agent Description

Investor Special in East Austin Fantastic opportunity in one of East Austin’s fastest-growing neighborhoods. The existing home is a tear down or full renovation, offering a blank slate for builders and developers. The large, corner lot with mature trees backs to a greenbelt and offers potential for multiple units (buyer to verify). In 2024, the property received a new roof and a wood fence with a wrought-iron gate along the north, east, and south sides. The location provides added peace of mind being close to the fire station and convenient access to recreation. Morris Williams Golf Course is nearby, and the property is walking distance to two parks, including Givens District Park with its gym, sports courts, pool, and playground. Surrounded by new construction and minutes from downtown and local restaurants, this property is positioned for strong future value. Ideal for a modern single-family home, duplex, or multi-unit project. Endless possibilities in a prime East Austin location!

Property Details

Listing data last updated: May 19, 2026

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