Map of Property

Woodward Development Opportunity Listing Details & Market Data

801 & 821 Woodward Street, Austin, TX 78704

  • For Sale Subject To Offer
  • Property Type Multi-Family
  • Property Size 690,208 SF
  • Units 1027
  • Lot Size 15.85 Acre
  • Date Updated Feb 14, 2024
The site is located in the 78704 zip code just south of Travis Heights and Bouldin Creek, two of Austin’s highest-end single family neighborhoods. Per Redfin, the median home sale price in 78704 is $850,000, and nearly 60% increase over the City of Austin average of $533,000 as of December 2022. A recent study by Florida Atlantic University showed that Austin is the #2 ranked metro in the country where renting is more financially beneficial than buying, based on the premium of home prices to average rental rates. This study highlights the runway the Austin market has for rental rate increases prior to renters transitioning to home buyers.CBRE & Lead Commercial are pleased to present 801 & 821 Woodward Street, a premier development site adjacent to the distinguished St. Edwards University in highly coveted South Central Austin. A recent massing study shows 5-story wrap product yielding 1,027 potential units resulting in 837,000 buildable square feet. The site provides a rare opportunity to develop significant scale near Austin’s urban core north of US-290. Future residents at the site are less than 10 minutes from the Austin CBD, 8 minutes from high-end retail along South Congress, and within walking distance of St. Edwards University. The site is primed for a landmark development.

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Attachments

Highlights

  • 15.845 Acre / 690,208 Square Foot Site
  • Location on Woodward Street allows quick access to IH-35, US-290, South Congress, and South 1st Street
  • Rezone to LI-PDA – Community Commercial - Vertical Mixed Use - Conditional Overlay - Neighborhood Plan (GR-V-CO-NP) - underway by Drenner Group - Fall 2023 Completion Target. This rezoning will allow for multifamily development including increased density and building heights at the property.
  • Yield studies on the site completed by STG Design show 5-story multifamily over 2-story podium resulting in 1,027 units and 837,005 buildable square feet. Lower density wrap construction and surface parked scenarios are also available in the property document center.
  • The property is available on an All Cash basis. The current owner desires a 2-year leaseback on the 3.5-acre portion of the property at 821 Woodward that includes the SACHEM facility.
  • There is a significant amount of property information available in the Document Center including a clean Phase I ESA.

Contacts

broker

Tim Mooney

Lead Commercial

(512) 467-2222

Location

Getting Around

  • Walk Score ®

    Car-Dependent (33)

  • Transit Score ®

    Some Transit (43)

  • Bike Score ®

    Somewhat Bikeable (48)
Powered by Walk Score ®
  • City Austin, TX
  • Neighborhood South Congress
  • Zip Code 78704
  • Market Austin

Points of Interest

  • Downtown

    2.94 miles

  • Plaza Saltillo

    3.02 miles

  • Zilker Zephyr

    3.04 miles

  • Austin

    3.19 miles

  • MLK Jr.

    4.63 miles

  • Highland

    7.55 miles

  • Crestview

    8.16 miles

  • ST. ED'S GARAGE STATION1

    0.22 miles

  • AISD PAC CENTRAL OFFICE1

    0.39 miles

  • AISD PAC CENTRAL OFFICE2

    0.39 miles

  • AISD PAC CENTRAL OFFICE3

    0.39 miles

  • Walmart

    0.39 miles

  • Chevron

    0.57 miles

  • Mobil

    0.67 miles

  • Chevron

    0.69 miles

  • Shell

    0.74 miles

  • Shell

    0.79 miles

  • County Office Parking Garage

    0.89 miles

  • Visitor Parking

    1.45 miles

  • HACA Employee Parking

    1.73 miles

  • CTM Parking

    1.74 miles

  • HACA Parking

    1.80 miles

  • Parking Garage One

    1.96 miles

  • Leasing office parking

    1.96 miles

  • Retail parking only

    1.98 miles

  • Doug Sahm Hill Parking

    2.74 miles

  • Pfluger Bridge Parking

    2.81 miles

  • Hunt Dinning Hall

    0.31 miles

  • Subway

    0.35 miles

  • Jersey Mike's Subs

    0.40 miles

  • Chick-fil-A

    0.41 miles

  • El Flaco Cafe

    0.68 miles

  • McDonald's

    0.69 miles

  • Furr's Family Restaurant

    0.69 miles

  • El Borrego de Oro

    0.72 miles

  • P. Terry's

    0.76 miles

  • Wendy's

    0.77 miles

  • St. Edward's University

    0.40 miles

  • Saint Edwards University

    0.49 miles

  • American Youthworks Charter School

    0.64 miles

  • Travis Early College High School

    0.68 miles

  • Linder Elementary School

    0.82 miles

  • Dawson Elementary School

    0.98 miles

  • Travis Heights Elementary School

    1.24 miles

  • Galindo Elementary School

    1.30 miles

  • St. Elmo Elementary School

    1.34 miles

  • San Juan Diego HS

    1.36 miles

  • Extend-A-Care YMCA

    2.42 miles

  • ABCDee Learning Center

    3.34 miles

  • Ebenezer Baptist Church Child Development Center

    3.36 miles

  • University United Methodist Church Early Childhood Center

    4.51 miles

  • Casis Elementary

    5.61 miles

  • Abiding Love Lutheran Child Development Center

    5.68 miles

  • Primrose School

    6.10 miles

  • The Rise School of Austin

    6.11 miles

  • Kids Campus Learning Center

    6.26 miles

  • St. John Neumann Preschool

    6.30 miles

Contact Listing Broker

broker

Tim Mooney

Lead Commercial

(512) 467-2222