9-Acre Development Opportunity on South Congress Avenue Approximately 9 acres located at 5001 S Congress Avenue, Austin, Texas 78745, offering a rare infill development opportunity along one of South Austin's most recognizable commercial corridors. The property is currently operated as a junkyard and is being marketed primarily for its land and redevelopment potential. Its substantial acreage, South Congress frontage, and location within the growing 78745 area may make it suitable for residential, multifamily, mixed-use, commercial, industrial, storage, or other development concepts, subject to zoning, floodplain, environmental, and governmental approvals. A current survey, legal property description, and available floodplain information are available for review. This offering is intended for experienced residential and commercial developers, investors, builders, and land-development companies seeking a sizable Austin redevelopment site. Property Highlights * Approximately 9 acres * Located at 5001 S Congress Avenue, Austin, Texas 78745 * Frontage and visibility along South Congress Avenue * Existing survey and legal property description available * Floodplain documentation available * Currently used as a junkyard * Significant redevelopment and land-value potential * Suitable for residential or commercial development consideration * Convenient access to major South Austin roadways, employers, retail, and surrounding neighborhoods * 5-8 minutes from downtown Austin, southpark meadows, and UT Austin. The property is being offered as-is. Prospective buyers should independently verify acreage, zoning, permitted uses, utilities, access, environmental conditions, floodplain requirements, development restrictions, and all City of Austin and other governmental approval requirements. Proposed Sales Conditions The owners are seeking a total purchase price of $20,000,000 for the approximately 9-acre property. The proposed transaction structure is as follows: * Buyer provides an initial payment of $500,000 upon execution of an agreed purchase contract. * The owners will begin clearing the property, with the clearing process expected to take approximately six months to one year. * The remaining purchase price will be due at closing after the agreed clearing work has been completed. * The property may also be sold in its current as-is condition if mutually agreed upon by the buyer and sellers. The owners are open to negotiation and will consider all reasonable offers, including alternative purchase structures, closing timelines, due-diligence periods, and development-related contingencies. All final terms including the treatment of the initial payment, clearing obligations, closing date, inspection period, environmental review, financing contingencies, and responsibility for permitting will be established in a mutually executed purchase and sale agreement.
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