$350,000

Property Overview

This 704 Austin Ave property in Round Rock, TX represents a rare Downtown redevelopment opportunity positioned half a mile from the vibrant heart of Round Rock's Main Street district. Recently rezoned from single-family to Mixed-Use Limited, the approximately 0.2-acre lot offers exceptional flexibility for developers and investors seeking to capitalize on Round Rock's continued downtown revitalization. The existing 1946 residence currently sits on the land, though the true value lies in the property's potential to support multi-unit residential, clustered detached housing, office, retail, or live/work uses under current MU-L zoning guidelines, which permit up to three principal buildings with 60% building coverage.

The location places this parcel within walking distance of Downtown Round Rock's premier attractions, including Main Street, Prete Plaza, and the Round Rock Express stadium, while remaining close to Dell's headquarters and premium shopping. With no active historic overlay restrictions and expired subdivision covenants, this property offers developers straightforward path-to-approval potential. The $394 per square foot pricing reflects the land's strategic position in one of Austin's fastest-growing suburbs, where family-friendly amenities, top-rated schools, and strong commercial anchors drive consistent demand.

Vox Real Estate Insight

This property's real value lies in its zoning and location rather than the existing structure, making it ideal for investors aligned with Round Rock's downtown growth strategy. The Vox Real Estate team recognizes this as a distinctive play for developers familiar with municipal review processes and mixed-use development in Austin-area communities.

Agent Description

Come discover a prime Downtown Round Rock redevelopment opportunity on an approximately .1983-acre lot offering 8,640 square feet of land! The existing 2-bedroom, 1-bath residence requires substantial renovation, and the property is being marketed primarily for its land, location, and future potential. Recently rezoned from SF-2 to MU-L, Mixed-Use Limited, the property may support Downtown Residential uses, including multi-unit or clustered detached housing, a courtyard-style cluster, or other permitted uses such as offices, retail, or live/work, subject to City review and approval. Current MU-L standards may allow up to three detached principal buildings and up to 60% building coverage, subject to site-specific requirements. The parcel lies outside the Historic Overlay, and the original 1952 subdivision restrictions expired in 1977 — recorded documents available. Located approximately one-half mile from the heart of Downtown Round Rock, including Main Street, Prete Plaza, the Round Rock Public Library, restaurants, shopping, and community events, roughly a 3-minute drive or 10-to-12-minute walk. Convenient access to IH-35 and US-79. Buyer to independently verify zoning, permitted uses, density, setbacks, utilities, easements, and all development requirements with the City of Round Rock. Bring your vision and become part of Downtown Round Rock's next chapter!

Neighborhood: Round Rock

This property is located in Round Rock, Austin, TX. The area is known for Dell HQ, Premium Outlets, Top Schools, Round Rock Express, Family-Friendly.

At $394/sqft, this listing is priced 84% above the Round Rock median of $214/sqft.

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