$300,000

Property Overview

This .2-acre parcel on E Austin Ave in Round Rock represents a rare Downtown redevelopment opportunity with significant upside potential. Recently rezoned to Mixed-Use Limited, the property sits just one-half mile from the vibrant heart of Downtown Round Rock and could support multiple configurations including multi-unit residential, clustered detached homes, office, retail, or live/work spaces subject to city approval. The existing 1946 cottage serves as a foundation, though the property's true value lies in its strategic location, generous 8,638 square-foot lot, and flexible zoning that permits up to three detached principal buildings with 60% building coverage potential.

Round Rock's explosive growth around Dell headquarters, Premium Outlets, and Cedar Ridge High School continues reshaping this family-friendly community, and East Austin Ave positions investors at the intersection of that momentum. The property connects directly to established infrastructure, excellent Round Rock ISD schools, and the thriving Downtown corridor experiencing accelerating revitalization. With expired deed restrictions and no historic overlay constraints, the path forward remains clear for forward-thinking developers and owner-occupants alike.

Vox Real Estate Insight

Vox Real Estate recognizes this listing's primary appeal for developers and investors rather than traditional homebuyers, given the substantial renovation needs and pricing that reflects land value over current improvements. The Mixed-Use Limited rezoning removes significant barriers that typically complicate Downtown Round Rock projects, making this one of the more actionable redevelopment sites our team has seen in the area.

Agent Description

Come discover a prime Downtown Round Rock redevelopment opportunity on an approximately .1983-acre lot offering 8,640 square feet of land! The existing 2-bedroom, 1-bath residence requires substantial renovation, and the property is being marketed primarily for its land, location, and future potential. Recently rezoned from SF-2 to MU-L, Mixed-Use Limited, the property may support Downtown Residential uses, including multi-unit or clustered detached housing, a courtyard-style cluster, or other permitted uses such as offices, retail, or live/work, subject to City review and approval. Current MU-L standards may allow up to three detached principal buildings and up to 60% building coverage, subject to site-specific requirements. The parcel lies outside the Historic Overlay, and the original 1952 subdivision restrictions expired in 1977 — recorded documents available. Located approximately one-half mile from the heart of Downtown Round Rock, including Main Street, Prete Plaza, the Round Rock Public Library, restaurants, shopping, and community events, roughly a 3-minute drive or 10-to-12-minute walk. Convenient access to IH-35 and US-79. Buyer to independently verify zoning, permitted uses, density, setbacks, utilities, easements, and all development requirements with the City of Round Rock. Bring your vision and become part of Downtown Round Rock's next chapter!

Neighborhood: Round Rock

This property is located in Round Rock, Austin, TX. The area is known for Dell HQ, Premium Outlets, Top Schools, Round Rock Express, Family-Friendly.

At $338/sqft, this listing is priced 67% above the Round Rock median of $203/sqft.

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