INVESTMENT HIGHLIGHTS Central location close to Austin Airport and Downtown Austin. Attractive buildable lot with natural boundaries of trees. EXECUTIVE SUMMARY Outstanding investment opportunity with a great location. The lot is under 5 mins to the Airport Terminals. The Tesla gigafactory is under 15 mins and travel to downtown Austin is 15 mins or less. The occupancy rate for the planned 10 unit hotel should be high as are all the Airport hotels. The current owner has invested heavily in civil engineering, landscape design, and planning for future traffic flow and parking. The submitted site plan allows for a lucrative use of the lot(estimated 10 unit hotel annual revenue of $250k+). However, the purchase of the lot at this stage still allows much flexibility for a new owner to modify plans to suit the new owners preferences. Only serious inquiries from real estate agents please. Due to the ongoing investment in this property, the price is likely to be adjusted upwards as more is invested. This lot represents a tremendous value to a buyer since over $300,000 has already been spent/committed to development of this lot. The Price per Acre is only $1.5M for this lot factoring in the development already in process and this is below comps for the surrounding properties (avg Price per Acre of $1.8M). All receipts and documentation for development of this lot are available on request. When approved, the Site Plan is transferable to the new owner along with the current development plans. Outstanding investment opportunity with a great location.
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