1300 AND 1302 NORWALK LANE, AUSTIN, TX 78703
Homes for sale in Austin.
Homes for sale in 78703.
List Price$2,900,000
1300 and 1302 Norwalk Lane
Austin, TX 78703
Listing #1713395
7,116
Square Feet
Commercial
Type
About This Property
A rare development opportunity in the heart of West Austin. Located on a quiet street in Deep Eddy, 1300 & 1302 Norwalk Lane currently consist of two multifamily buildings featuring a total of 6 one-bedroom units and 6 two-bedroom units, with only one unit currently vacant. This setup provides holding income while you pursue design and planning approval for redevelopment or refurbishment of the existing improvements. The property spans a gently sloping, rectangular 0.6-acre lot with dual street frontage. Zoned MF-3, it allows for up to 20,000 square feet of Gross Floor Area and up to 21 units. Preliminary schematics show a layout including a driveway and 12 x 1600 sq. ft. with 2-car garages and private roof terraces. This property is across the road from the Muni Golf Course and a short walk to O'Henry Middle School, HEB and Maudies. It is also less than a mile to Westenfield Park / Pool / Tennis Courts, Littlefields, and Juiceland; and less than 2 miles to Austin High, Zilker Park, Barton Springs, Town Lake, Lake Austin, numerous bars and restaurants on West Lynn and West 6th St. It's proximity to MoPac delivers direct connectivity to the airport, the Domain, and highways 183, 71 and 290. This property is zoned to Austin ISD's best schools.
Property Features
Location Information
County
Travis
Subdivision
Westfield A
County
Travis
Directions
West along Lake Austin Blvd, Right into Exposition, Right onto W 12th, Left into Norwalk. West along Enfield Rd, Left into Norwalk. Properties are on West side of street
Area
1B
Interior Features
Heating
Natural Gas
Disabled Features
None
Floors
Laminate, Wood
Accessibility
None
Exterior Features
Style
Brick, Clapboard, Wood Siding
Topography
Sloping
Is New Construction
No
Lot Size in Acres
0.6
Construction/Exterior
Brick, Clapboard, Wood Siding
Zoning
MF-3-NP
Foundation
Pillar/Post/Pier, Slab
Buildings
2
Possession
Closing & Funding
Has Waterfront
No
Water / Sewer
Public Sewer
Has View
No
Water
Public
View
None
Parking Description
Attached Carport, Aggregate, Common
Additional Information
Other Utilities
Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Available, Water Connected
APN
01130608090000
Property Type
COM
Status
Active Under Contract
Property SubType
Multi Family
Documents Available
None
Year Built
1963
Similar Listings
Mortgage Calculator
$13,542
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$10,450
Monthly Tax
$2,416
Monthly Insurance
$676
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Real Estate IDX Powered by iHomefinder