$335,000

Property Overview

This 9,100-square-foot lot on Delmar Avenue in St. Johns presents a rare development opportunity in one of Austin's most strategically positioned neighborhoods. Located just south of the US 183/IH-35 interchange with direct access to major highways, the property offers immediate proximity to downtown Austin, Austin-Bergstrom International Airport, and the thriving Mueller corridor. The existing 1945 home currently generates rental income, making this an ideal transition asset for investors evaluating their next move.

Developers and builders recognize St. Johns as Austin's emerging growth corridor along the Airport Boulevard axis, where land parcels of this caliber remain scarce. The expansive lot accommodates multiple development scenarios—whether maintaining the income-producing structure, building a custom home, or developing a duplex project. A metal storage building enhances the property's utility. With significant land value relative to structure, sophisticated investors view 507 Delmar as a strategic play on Austin's continued northeast expansion and improving commercial infrastructure.

The price point reflects the substantial development potential and location premium within this transitional neighborhood. St. Johns continues attracting attention from builders and investors alike, making land availability increasingly competitive.

Vox Real Estate Insight

At Vox Residential, we recognize this lot as prime real estate in Austin's fastest-evolving corridor, where land scarcity and infrastructure improvements are driving immediate appreciation potential. The combination of highway access, airport proximity, and neighborhood momentum makes 507 Delmar Avenue the type of value-add opportunity our development-focused clients actively pursue.

Agent Description

Prime lot located close to the IH-35 frontage road at Delmar Ave, just south of the US 183/IH-35 interchange. Offering over 9,000 square feet, this property presents a versatile opportunity for investors or builders. The existing home is in fair rentable condition, providing immediate income potential, or it can be torn down to make way for a new project such as a custom home or duplex development. Ideally situated with quick access to major highways, the property is just minutes from downtown Austin, Austin-Bergstrom International Airport, Mueller’s shopping and dining, and a variety of popular local destinations. A metal storage building is located behind the house. Contact the listing agent today for more details. Vacant — go and show. Please use caution when touring the property, especially behind the home and toward the rear of the lot. Information is deemed reliable but not guaranteed. Buyer and Buyer’s Agent to verify all measurements, schools, taxes, and other pertinent information.

Neighborhood: St. Johns

This property is located in St. Johns, Austin, TX. The area is known for Affordable Near Central, Growing Investment, New Restaurants, Growth Potential, Airport Blvd Corridor.

At $558/sqft, this listing is priced 72% above the St. Johns median of $325/sqft.

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