2008 E William Cannon Drive, Austin, TX 78744 (MLS # 628161)
Twitter
Facebook
Email
|
This 11.63-acre suburban infill development opportunity is strategically positioned along E. William Cannon Drive, approximately 2,000 feet east of Interstate 35 in the high-growth South Austin submarket. The offering consists of two contiguous parcels: 2008 E. William Cannon Drive (6.79 gross acres) and 1814 Nelms Drive (4.88 gross acres), providing a rare dual-access configuration that combines commercial arterial visibility with quiet residential ingress and egress via the Nelms Drive cul-de-sac. Comprehensive civil engineering feasibility and site planning completed by MIGL Engineering demonstrate an optimized 8.86-acre net developable footprint designed specifically for Class A multifamily density. Utilizing an MF-4 rezoning framework, draft site concepts establish a high-yield potential ranging from 171 to 215 residential units across 300,000 to 381,000 square feet of gross floor area. The engineered layouts accommodate building heights up to 58 feet while integrating flexible double-podium, tuck-under, and surface parking structures. The site is substantially de-risked by existing utility connectivity, featuring a 10-inch ductile iron wastewater main on-site and 12-inch water mains along both street frontages. Furthermore, the tract leverages an existing regional water quality and detention facility serving the drainage basin, saving millions in upfront site work. Capitalizing on the City of Austin's elimination of municipal minimum parking requirements, a buyer can maximize buildable density and capital efficiency in one of Austin's most accessible multifamily corridors.
| DAYS ON MARKET | 18 | LAST UPDATED | 10/20/2026 |
|---|---|---|---|
| TRACT | Eighty One William Cannon Join | YEAR BUILT | 0 |
| COUNTY | Travis | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| HEAT | None |
| LOT | 6.79 acre(s) |
| LOT DESCRIPTION | City Lot, Other, See Remarks |
| PARKING | None |
| SEWER | Public Sewer |
| SUBDIVISION | Eighty One William Cannon Join |
| TAXES | 29054 |
| UTILITIES | Underground Utilities |
| VIEW DESCRIPTION | None |
| WATER | Public |
| WATER ACCESS | None |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Patricia
Fernandez to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Redfin Corporation
Listing information is provided by the Central Texas Multiple Listing Service, Inc., and is deemed to be reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2026.
Contact Us Today
Ready to find the perfect rental, purchase your dream home, sell your property, or maximize your real estate investments?