Investment Overview

Marcus & Millichap is pleased to present for sale 7805 & 7809 South 1st Street, two parcels which collectively make up a 1.18 acre land tract in south Austin (the “Property”). The Property is zoned LR (both), SF-3 (7809 only) which provides for limited neighborhood commercial retail and of?ce services and single family, respectively. Additionally, with the passage of Texas Senate Bill 840, multifamily is also a viable development opportunity. From a location perspective, the Property is situated just north of the hard corner at South 1st Street (12,824 VPD) and West Dittmar Road (6,597 VPD). Williams Elementary School is roughly 2 blocks south of the Property with Bedichek Middle School six-tenths of a mile to the north. Within a 5-mile radius, area demographics provide for 118,522 households, of which 45 percent have college degree, and an average household income of $96,404. South of the river, 1st Street is primarily a residential corridor with intermittent commercial. Given the demographics, highest and best use would include neighborhood related services such as: retail, medical, of?ce, or ?ex, (with mixed-use also a possibility).