Land For Sale • 11.94 AC
- Prime Location: 11.94 acre land plot situated directly adjacent to the Circuit of the Americas (COTA), home of the Austin F1 track, a globally recognized venue. - The site benefits from significant exposure due to its proximity to COTA, which attracts over 1.5 million visitors annually for events like Formula 1, MotoGP, and concerts. - Development Flexibility: Located in Austin’s Extra-Territorial Jurisdiction (ETJ), offering greater flexibility for development with fewer restrictions compared to city-zoned properties. - Strong Growth Area: Positioned within a rapidly growing region of Austin, benefiting from ongoing commercial and residential development in the surrounding area. - Key Infrastructure: Close to major highways and Austin-Bergstrom International Airport, providing easy access for visitors, businesses, and potential developments. - Economic Hub: Surrounded by key Austin tech hubs, including Tesla’s Gigafactory and other major employers, boosting demand for commercial and hospitality-related developments. - Diverse Investment Opportunities: Ideal for mixed-use developments, including hotels, retail, entertainment, or even industrial, catering to the high traffic from COTA events and the growing Austin metropolitan area. - High Foot Traffic Potential: Capitalize on large crowds and event-goers year round, especially during peak F1, MotoGP, and large-scale music festivals. - Adjacent to Major Developments: - Velocity Development: Close to the 314-acre Velocity project, a master planned district entitled for seven million square feet of _ space, situated east of Austin-Bergstrom International Airport, with vertical construction recently initiated. More info here: https://www.kxan.com/news/local/314-acre-velocitydevelopment-in-southeast-austin-begins-construction/ - Nearby a proposed $10 billion Vegas-style resort and business hub near the Tesla Gigafactory and Austin-Bergstrom International Airport. Details here: https://www.tesla.com/giga-texas - Taylor Morrison’s 427-acre Longview 71 development in East Austin, set to deliver 1,460 homes with $70 million in bond funding. Learn more here: https://therealdeal.com/texas/austin/2024/03/22/taylor-morrison-gets-pidfinancing- for-east-austin-development/
Airport | Drive | Walk | Distance |
---|---|---|---|
Austin-Bergstrom International | 14 min | - | 5.6 mi |