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$3,500,000
Est. payment /mo
2,150 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Site Planned
Listing Status Active
Purchase Type For Sale
Square Footage 2,150 sqft
Price per Sqft $1,627
Subdivision Westfield A
MLS Listing ID 5195170
Year Built 1938
Annual Tax Amount $62,342
Tax Year 2025
Lot Size 0.677 Acres
Acres 0.6774
Property Sub-Type Site Planned
Source actris
Property Description
2512 & 2516 Enfield Road present a rare opportunity to acquire a covered land assemblage in Tarrytown, one of Austin's most prestigious and supply-constrained neighborhoods. Positioned along Enfield Road just minutes from Downtown, the offering combines in-place income with long-term redevelopment potential in a premier infill location.
The property consists of two adjacent parcels improved with a 7-unit apartment building and a ±2,000 square foot residential structure suitable for office or residential use. This configuration allows for immediate cash flow while providing a future path for redevelopment or repositioning.
Given the site's location, scale, and frontage, the assemblage is well suited for a range of potential outcomes, including luxury residential redevelopment, boutique multifamily, or a thoughtfully designed mixed-use residential concept. Preliminary discussions with the City of Austin indicate that development will be subject to considerations including floodplain, drainage, water quality, and access, creating an opportunity for experienced developers to unlock value through thoughtful site planning and entitlement strategy.
The ability to maintain income during the planning and entitlement process materially reduces carry costs and enhances overall project feasibility—an increasingly rare advantage in core Austin submarkets.
Offered at $3,300,000, the property represents a compelling basis for investors and developers seeking scale, location, and long-term upside in a high-barrier-to-entry neighborhood defined by strong demographics, limited supply, and sustained demand for high-quality residential product.
The property consists of two adjacent parcels improved with a 7-unit apartment building and a ±2,000 square foot residential structure suitable for office or residential use. This configuration allows for immediate cash flow while providing a future path for redevelopment or repositioning.
Given the site's location, scale, and frontage, the assemblage is well suited for a range of potential outcomes, including luxury residential redevelopment, boutique multifamily, or a thoughtfully designed mixed-use residential concept. Preliminary discussions with the City of Austin indicate that development will be subject to considerations including floodplain, drainage, water quality, and access, creating an opportunity for experienced developers to unlock value through thoughtful site planning and entitlement strategy.
The ability to maintain income during the planning and entitlement process materially reduces carry costs and enhances overall project feasibility—an increasingly rare advantage in core Austin submarkets.
Offered at $3,300,000, the property represents a compelling basis for investors and developers seeking scale, location, and long-term upside in a high-barrier-to-entry neighborhood defined by strong demographics, limited supply, and sustained demand for high-quality residential product.
Location
State TX
County Travis
Zoning MF-3-NP
Interior
Heating Central
Cooling Central Air
Flooring See Remarks
Fireplace No
Exterior
Utilities Available None
View None
Total Parking Spaces 3
Private Pool No
Building
Story 1
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
New Construction No
Others
Special Listing Condition Standard
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Listed by Gregory Cooper, Broker
NEARBY SCHOOL & BUSINESS
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