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Redevelopment opportunity in North University/Hyde Park neighborhood near UT. City allows single stair five story multifamily. Total lot is 6.048 SF and air rights are 51% of the total area of Unit 1 and Unit 2 per condo documents. Density Bonus allowing up to 70 feet in height, factoring compatibility and NCCD. Rare infill opportunity with no FAR, more forgiving compatibility setbacks, generous building coverage, and fewer setback requirements under the DB-ETOD zoning overlay recently approved. All information to be confirmed through the City of Austin. NCCD elements will apply, including one parking space per bedroom based on recent consultation with the City of Austin. Solid home with concrete walls, double paned windows added, and membrane roof replaced. Listing includes Unit 1 only totaling 6,048 SF.
Listing provided by Edwin Kirkpatrick · Texas Realty Partners, LLC · (512) 656-8521
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