This corner lot, which is over half an acre in size, presents a fantastic opportunity due to its prime location on the corner of Norwood Lane and the high-traffic Highway 183. Situated near major commercial business areas and densely populated residential neighborhoods, this lot is ideal for professional offices such as attorneys, real estate agents, insurance providers, accountants, tax consultants, and personal care services. The previous owner mentioned that there was an old house on the property which has since been demolished, but utilities were available at the time. The property has 149 feet of frontage road to 183 and it is just minutes to the Austin Bergstrom International Airport. Currently, there is a concrete slab on the property, making it a promising investment opportunity.
Nestled on a one-acre commercial lot, this property features a three-bedroom, one-bathroom home in need of improvements. With its spacious layout and prime commercial location, this property holds great potential for renovation and development. Whether you're looking to revitalize the existing structure or explore commercial possibilities, this property offers a versatile canvas for investment and growth.
The median home value in Austin, TX is $577,400. This is higher than the county median home value of $524,300. The national median home value is $338,100. The average price of homes sold in Austin, TX is $577,400. Approximately 41.69% of Austin homes are owned, compared to 51.62% rented, while 6.7% are vacant. Austin real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Austin real estate agent to arrange a tour today!
Austin, Texas 78744 has a population of 944,658. Austin 78744 is less family-centric than the surrounding county with 35.04% of the households containing married families with children. The county average for households married with children is 36.42%.
The median household income in Austin, Texas 78744 is $78,965. The median household income for the surrounding county is $85,043 compared to the national median of $69,021. The median age of people living in Austin 78744 is 33.9 years.
The average high temperature in July is 95 degrees, with an average low temperature in January of 38.2 degrees. The average rainfall is approximately 34.9 inches per year, with 0.3 inches of snow per year.