320 W WILLIAM CANNON DRIVE, AUSTIN, TX 78745
Homes for sale in Austin.
Homes for sale in 78745.
List Price$2,500,000
320 W William Cannon Drive
Austin, TX 78745
Listing #2479764
About This Property
CS-MU-CO-NP zoned and ready for what's next. The CS base is one of Austin's broadest commercial designations, opening the door to an exceptional range of by-right uses -- restaurant and food service, retail, medical and professional office, personal services, financial services, food sales, and more. The Mixed Use overlay layers residential on top, allowing multifamily, condominium, townhouse, or mixed-use development on the same site. The property was previously permitted for restaurant use and retains an existing grease trap on site -- a head start for any food and beverage operator. Not in a flood zone, no creek buffer, no major environmental constraints, and the city has confirmed strong building coverage and FAR potential -- a clean path forward for a wide range of commercial or mixed-use visions. 4,800 SF freestanding on 1.12 acres with about 65 paved parking spaces and a lot-to-building ratio that gives a new owner real flexibility. Hard corner at a signalized intersection on W William Cannon Drive -- one of South Austin's most heavily traveled corridors -- the site benefits from exceptional frontage, strong daily traffic counts, easy ingress/egress, and visibility that is billboard-grade. Repurpose the existing improvements, expand the current footprint, or pursue a more substantial redevelopment play. Signalized corner sites with this level of zoning flexibility, parking, visibility, and land size rarely trade at this price point in South Austin. Contact listing agent today for questions and a private tour!
Property Features
Location Information
County
Travis
Subdivision
Southridge Plaza
County
Travis
Directions
From S Congress Ave heading south, turn right onto W William Cannon. Property will be on the right corner of the 2nd stop light.
Area
10N
Interior Features
Heating
Central
Disabled Features
Customized Wheelchair Accessible, Accessible Approach with Ramp
Floors
Carpet, Laminate, Tile
Accessibility
Customized Wheelchair Accessible, Accessible Approa
Exterior Features
Style
Brick Veneer
Topography
Level
Is New Construction
No
Lot Size in Acres
1.119
Construction/Exterior
Brick Veneer
Zoning
CS-MU-CO-NP -- General Com
Foundation
Slab
Buildings
1
Possession
Closing & Funding, Negotiable
Has Waterfront
No
Water / Sewer
Public Sewer
Has View
No
Water
Public
View
None
Parking Description
On Site, Paved, Parking Lot
Additional Information
Other Utilities
Cable Connected, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected, Water Connected
APN
04191101280000
Property Type
COM
Status
Active
Property SubType
Mixed Use
Documents Available
See Remarks
Year Built
1987
Similar Listings
Mortgage Calculator
$11,674
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$9,008
Monthly Tax
$2,083
Monthly Insurance
$583
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
Listing Courtesy of: Compass RE Texas, LLC (512) 575-3644
© 2026 Austin Board of REALTORS® (ACTRIS). All rights reserved.
Listings courtesy of APPLICABLE MLS as distributed by MLSGRID. Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS® ACTRIS and their affiliates provide the MLS and all content therein " AS IS" and without any warranty, express or implied. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from ACTRIS through the date and time shown below.
Unlock MLS data last updated at May 27, 2026, 8:01 PM CT
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