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David Cavalier
David Cavalier
Cavalier Real Estate

5.6 acres in Travis County, Texas

$1,500,000 5.60 Acres
Property ID 866170


The Powell Lane Lofts conceptual plan consists of approximately 5.6 acres, which can be developed into approximately 155 apartment units, plus three existing single family homes. This 5.6 tract of land located off of I-35 just north of Hwy 183, only minutes from downtown Austin and the University of Texas. The I-35 corridor has traditionally been a rapidly growing market. With the new state highway 130 intersecting Highway 290 less than 5 miles east of the subject property, plus the future completion of the new $4 billion Samsung chip manufacturing plant, the entire area is poised for an economic boom. The property has immediate access to the southbound frontage road of I35, within 1,000 feet of where I35 intersects with highway 183. The Austin Bergstrom International Airport is approximately 6 miles south of the subject property on highway 183. The site is located in the fast-growing city of Austin. The site is adjacent to several existing new construction residential projects. Has easy access to the Austin Bergstrom International Airport, the New Samsung Development just east, the new Highway 130, I-35, the new Round Rock Urban Outlet Mall and the University of Texas main campus. The site is a sizeable tract that is poised for development, as it is surrounded by existing residential development and utilities.

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David Cavalier

Cavalier Real Estate

1610 Juliet St
Austin, TX 78704

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