$314,999

Property Overview

This 1930 classic on Oakgrove Avenue presents a rare land opportunity in central Austin, just 2.5 miles from the Texas Capitol. Situated on a generous 6,420-square-foot lot in an established neighborhood where surrounding properties command $700,000 and beyond, the 904-square-foot existing structure is offered as-is, making this an exceptional value play at $314,999. The property sits in an area experiencing significant appreciation, with neighboring lots valued over $500,000, positioning this parcel for substantial upside potential.

Utilities are available to the property, and the lot's size and location create multiple development scenarios for the right buyer. Whether seeking a custom new build, complete renovation, or investment opportunity, the bones of this central Austin location offer flexibility that rarely becomes available in this tight market. This is raw potential in a neighborhood already established with strong real estate momentum, making it an ideal project for builders, developers, or visionary buyers ready to capitalize on Austin's continued growth corridor.

Vox Real Estate Insight

The Vox Residential team recognizes this property as a true land play masquerading as a residential listing—the real value here is the lot itself in an infill location where teardowns and rebuilds have become standard practice. Serious developers and builders know that central Austin proximity to government and downtown, combined with this price point relative to neighboring land values, represents the kind of opportunity that moves quickly once word spreads.

Agent Description

Fix Up OR Tear Down! Central Austin Location Just 2.5 miles to TX Capitol Building! Property is vacant & being sold AS-IS for Lot value. Existing single-family structure is vacant and in poor condition. Neighboring homes valued at $700k+! Neighboring Lot Valued Over $500k! Current Home is not habitable and likely will require extensive renovation or full tear-down. Utilities available. No representations are made regarding condition. Buyer to verify zoning, utilities, and redevelopment potential. Buyer responsible for tree & topo survey , Ideal opportunity for builder, investor, or end buyer seeking an opportunity for investment, a custom new build or full renovation in an established Austin neighborhood. Strong upside potential. Priced to Sell! Seller is seeking clean, serious offers. Make An Offer TODAY!

Property Details

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