About the Property
Prime Development Site on N Mopac Frontage 8871 Tallwood Dr
- Development site in the desirable Northwest Hills area. Highly trafficked on N Mopac frontage.
- This site has an existing feasibility study for an office development. A 3-story ±34,500 SF office is feasible on this site. The study was conducted by owner and the engineering firm is available to discuss their findings.
- As one of Austin’s premier suburban nodes, the Northwest office submarket, with its inventory of more than 18 million SF, recently ceded its place as the largest submarket in the metro to the CBD. With average sales price being $360 PSF. On-market comps now range from $400 – $600 PSF in the Northwest submarket while the average northwest office market rent is $40.06 PSF. This property would serve as a valuable development site for a user or investor.
ADDRESS: 8871 Tallwood Drive, Austin, TX 78759
BUILDING SIZE: ±34,500 SF
LAND SIZE: 0.722 acres, 0.2081 acres (252731) & 0.514 acres (252732)
ZONING: GR (Community Commercial) & LO (Limited Office)
SALE PRICE: $2,750,000 (±$80/buildable square footage)