3.39 Acres at SEC of Lamar & Koenig
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1 UNDEVELOPED 3.39 Acres at SEC of Lamar & Koenig 5699 N Lamar Blvd. UNDEVELOPED + Approximately 3.39 acres of close-in undeveloped land + Located at the southeast intersection of N Lamar Blvd and W Koenig Ln + Commercial vertical mixed-use zoning: CS-V-NP + Close proximity to: + Highland Mall Redevelopment (1 mile) + The Triangle (1 mile) + UT Campus (2.5 miles) + Mueller Redevelopment (2.5 miles) CONTACT US CARTER BREED Vice President carter.breed@cbre.com HUNTER BARRON Associate hunter.barron2@cbre.com
2 OFFERING SUMMARY Undeveloped TxDOT Land PROPERTY DESCRIPTION LOCATION/AREA AMENITIES SCHOOLS The TxDOT parcel represents a unique opportunity to own almost 4 acres of infill property in the heart of North Central Austin. The highly visible property is previously undeveloped, and is located at the southeast corner of one of the most active intersections in central Austin. The property is located at the south east corner of the intersection of County line and North Lamar. This location is 1 mile west of the Highland Mall redevelopment which contains an Austin Community College campus and multiple other current and planned hitech office users. It is also approximately 1 mile north of the very successful "Triangle" development at 45th St. between Lamar Boulevard and Guadalupe Street, as well as 2.5 miles north of the University of Texas at Austin campus. The Property is located within the Austin Independent School District. Schools serving the property include: Reilly Elementary School Lamar Middle School McCallum High School TRAFFIC COUNTS UTILITIES ZONING PRICING Daily traffic counts for Lamar Blvd. are 33,217 vpd. Daily traffic counts for Koenig Ln. are 22,602 vpd. (Information provided on page 4 of brochure) Utilities to the site are provided by the City of Austin. It is the responsibility of a potential purchaser to determine the location and capacity of the utility infrastructure and whether they are sufficient for intended uses. The property is zoned for commercial vertical mixed use (CS V NP). This zoning is one of the more highly intense of zoning categories within the city of Austin and allows a multiplicity of uses, including Retail, Multi family, Office, Medical, and other commercial uses. The Property is being offered at $7.7 million. Please contact Carter Breed or Hunter Barron at for more details on the process for submitting offers to TxDOT.
3 PROPERTY AERIAL
4 TRAFFIC COUNTS Traffic Counts Koenig Ln 22,602 vpd Lamar Blvd 33,217 vpd
5 DRIVE-TIME MAP
6 CONTACT US CARTER BREED Vice President HUNTER BARRON Associate CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
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