Investment Overview

Marcus & Millichap is pleased to offer for sale the redevelopment site located at 4608 South Lamar Boulevard in Austin, Texas. This 4.83-acre tract features three distinct structures built in 1972, including a 3,344-square-foot office building and two storage buildings totaling 12,600 square feet. The site's elevated topography at the rear provides views of downtown Austin. The property is zoned LO (Limited Office) and SF-2 (Single-Family Standard Lot), offering versatile development opportunities. The LO zoning permits various commercial office uses, while SF-2 zoning, typically designated for single-family homes, adds to the site's flexibility. This property presents significant upside potential for owner-users and developers. It is particularly well-suited for general contractors and trades, such as metal workers, plumbers, and electricians. Additionally, strategic redevelopment could accommodate office condominiums, an independent/assisted living facility, a charter school, or an event venue. Located just off Highway 290 and near the MoPac Expressway, one of Austin’s key transportation routes, this property offers exceptional connectivity to downtown Austin and major business areas across the region. Its proximity to these highways ensures easy access, making it an ideal location for businesses, developers, and residential projects, all within minutes of Austin’s urban attractions. This corridor is becoming a focal point for Austin’s growth, benefiting from ongoing infrastructure improvements that enhance accessibility for residents, commuters, and businesses. With direct access to Highway 290, a primary route linking Austin’s western and eastern districts, the area provides convenience without the congestion of downtown. The region is home to rapidly developing residential neighborhoods and upscale commercial properties, which further increases its appeal to investors. The influx of new residents is driving sustained demand for housing, creating a favorable environment for both residential and commercial development in this fast-evolving market.