$525,000

Property Overview

This prime corner lot on Olive Street represents a rare development opportunity in East Austin's most dynamic redevelopment corridor. Situated on 5,749 square feet of land just minutes from Downtown Austin and Lady Bird Lake, the property positions builders and investors at the center of the neighborhood's explosive growth. The location offers immediate proximity to the thriving restaurant and brewery scene along East 6th Street, including acclaimed spots like Suerte and Bufalina, alongside the cultural heart of Plaza Saltillo and easy access to the hike-and-bike trail system.

The existing 1976 single-family home sits on a generous lot surrounded by luxury new construction and continued neighborhood momentum. East Austin's combination of historic charm and modern development creates an ideal setting for custom home construction or investment conversion. With the neighborhood's vibrant arts scene, cultural diversity, and established community gathering spaces, this Olive Street parcel captures the essence of what makes East Austin increasingly sought-after by homeowners and developers alike.

Vox Real Estate Insight

The Vox Residential team sees this property as a foundational play in East Austin's transformation, where land value reflects not just current appeal but the neighborhood's trajectory toward becoming Austin's most balanced urban village. At 25% above area median per square foot, this corner lot's premium pricing signals developer confidence in the corridor's long-term appreciation and the scarcity of shovel-ready opportunities in this specific redevelopment zone.

Agent Description

Attention developers, builders, and investors! Exceptional opportunity to build in one of East Austin’s most sought-after redevelopment corridors. This prime corner lot offers endless potential to create a stunning custom home or investment property surrounded by luxury new construction and continued neighborhood growth. Ideally located just minutes from Downtown Austin, Lady Bird Lake, East 6th Street, Plaza Saltillo, and the hike-and-bike trails, you’ll enjoy easy access to some of Austin’s favorite destinations, including Dear Diary Coffee, Fleet Coffee, Juiceland, Veracruz All Natural, Lazarus Brewing, Suerte, Bufalina, and local shopping at H-E-B and Target. Experience the best of East Austin with nearby parks, live music, acclaimed restaurants, and vibrant nightlife, all while investing in one of the city’s most desirable and rapidly appreciating neighborhoods. Don’t miss this rare opportunity to bring your vision to life in an unbeatable location.

Neighborhood: East Austin

This property is located in East Austin, Austin, TX. The area is known for Thriving Arts Scene, Top Restaurants & Breweries, Historic Homes, Modern New Construction, Cultural Diversity.

At $631/sqft, this listing is priced 24% above the East Austin median of $507/sqft.

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