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7333 IH 35 and Bluff Springs Rd. (South of William Cannon) (PDF Flyer)
35.584 Acre tract CS-MU-CO - 22.40 Acres Multifamily (MF-3) Site &
16.16 acres Commercial Services (CS)
7309-7333 Bluff Springs Rd. Austin, Texas 78744
South Bluff Park Executive Summary
Commercial Lots/ CS-MU-CO Community Retail at 7333 South IH 35 (South of William Cannon Exit), Austin, Texas 78744 -
LOCATION/USE: This +/- 38.584 acre tract is proposed to be sold in
5 tracts and is located on the east frontage of South IH-35 between
William Cannon to the north and Slaughter Lane to the south. The
eastern boundary of the property has frontage on Bluff Springs Road
and has access to a 4 way light. The property is zoned CS-MU-CO,
a flexible zoning status that allows high density multi-family as well
as a broad number of commercial and retail uses, including but not
limited to fast food, banking, medium box retail, office, hotel and
most other non-industrial or residential uses, with the agreed exceptions
per the conditional overlay including mini-storage, 24 hour
uses, gasoline sales and automotive related services.
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Size: This South Austin site has excellent visibility and
good access from IH-35, proximity to downtown as well as Austin
Bergstrom International Airport, and is zoned and ready for development.
The site has some topography which has been taken into
account in the pricing, but presents multiple building sites. The Seller
will subdivide the property as needed. The proposed layout includes
2 restaurant sites, a hotel site, a flexible and highly visible hilltop site
that would be suitable for office or medium box retail, and a multi
family site with access from IH-35 and Bluff Springs Road at a light or
with a separate driveway.
MULTIFAMILY FEASIBILITY: Fourth Quarter 2010 statistics indicate
the SE Quadrant at year end 2010 had achieved $1.08/SF rental rates
and 87.6% occupancy, a 2.8% increase in occupancy at the same time
as an almost 8% rate increase over 2010, indicating continuing market
demand in the area with very little new supply in the pipeline for 2011.
Current available Lots:
Lot 1: 4.59 Acres - $1,300,000 - $6.50 PSF (CS/CO)
Lot 2: 2.87 Acres - $940,000 - $7.50 PSF (CS/CO)
Lot 3: 5.2 Acres - $1,820,000 - $8.00 PSF (CS/CO)
Lot 4: 3.5 Acres - $1,435,000 - $7.50 PSF (CS/CO)
Lot 5: 22.40 Acres - $5,200,000 - $5.31 PSF (MF)
PRICING: Approximate and subject
to final survey and layout
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Traffic Data:
- IH-35 @ Site (2010) 116,000 vpd
- William Cannon E @ IH-35 (2010) 38,000 vpd
- Bluff Springs @ William Cannon (2005) 12,300 vpd
- William Cannon @ Circle S Rd. 45,703 vpd
- 6900 Bluff Springs Rd. - 11,142 vpd (2004)
The Traffic Impact Analysis has already
been approved by the City of Austin. www.txrlty.com/southbluff/TIA.pdf
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Zoning:
CS-MU-CO: Download City Ordinance
Utilities: Water and Wastewater adjacent to site. City of Austin Utility Service Letter
- City of Austin Water Lines (Image)
- Based upon the City Of Austin’s Water Distribution maps (G-14,15 and H-14,15) water is available on both the eastern and western boundaries. On the Western Boundary located parallel to the IH-35 right-of-way there is an existing 12-inch ductile iron water line. There are no service laterals nor fire hydrants located along the western boundary of the project site. Along the eastern property line; within the Bluff Springs Road right-of-way is an existing 16-inch concrete steel cylinder water line with multiple fire hydrants located on the project site boundary. Based on our past experience, the City of Austin Water Utility Department will require looping of these systems through the development parcel.
- City of Austin Waste Water Lines (Image)
- Based on the City of Austin’s Wastewater Collection System Maps (G-14,15 and H-14,15) there is an existing 16-inch ductile iron wastewater main conveying effluent from south to north through the project site in an existing sanitary sewer easement. The sewer main then traverses the northern property line of the project site where it increases to a 24- inch reinforced concrete pipe conveyance main. The effluent is then carried eastward into the existing collection system located in the Bluff Springs Road right-of-way. By indication on the collection system maps, there are just two (2) existing wastewater manholes along the stretch of 24-inch sewer main located on the northern boundary.
- Austin Energy
- Texas Gas Service
- Pipelines Easements - There are three pipelines that are either located within the boundaries of the subject tract or immediately adjacent to the subject tract.
Demographics:
| Data Set |
1 mile |
3 miles |
5 miles |
| Population 2010 |
15,090 |
102,982 |
233,009 |
| Households 2010 |
5,950 |
36,382 |
92,671 |
| Population 2015 (proj) |
17,235 |
116,672 |
264,913 |
| Median Income 2010 |
$55,811 |
$57,671 |
$53,252 |
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