For sale
$3,250,000
2008 E William Cannon Dr
Austin, TX 78744
- 0 beds
- 0 baths
- 11.6 acres
Listing courtesy of Redfin Corporation · (512) 710-0156 · MLS# 1385355 · Status: Active
About this property
This 11.84-acre suburban infill development opportunity is strategically positioned along E. William Cannon Drive, approximately 2,000 feet east of Interstate 35 in the high-growth South Austin submarket. The offering consists of two contiguous parcels: 2008 E. William Cannon Drive (6.79 gross acres) and 1814 Nelms Drive (4.88 gross acres), providing a rare dual-access configuration that combines commercial arterial visibility with quiet residential ingress and egress via the Nelms Drive cul-de-sac. Comprehensive civil engineering feasibility and site planning completed by MIGL Engineering demonstrate an optimized 8.86-acre net developable footprint designed specifically for Class A multifamily density. Utilizing an MF-4 rezoning framework, draft site concepts establish a high-yield potential ranging from 150 to 215 residential units across 300,000 to 381,000 square feet of gross floor area. The engineered layouts accommodate building heights up to 58 feet while integrating flexible double-podium, tuck-under, and surface parking structures. The site is substantially de-risked by existing utility connectivity, featuring a 10-inch ductile iron wastewater main on-site and 12-inch water mains along both street frontages. Furthermore, the tract leverages an existing regional water quality and detention facility serving the drainage basin, saving millions in upfront site work. Capitalizing on the City of Austin's elimination of municipal minimum parking requirements, a buyer can maximize buildable density and capital efficiency in one of Austin's most accessible multifamily corridors.
Description provided by the listing brokerage.
Facts
- Property type
- Land · Multiple Lots (Adjacent)
- Lot size
- 11.6 acres
- Annual taxes
- $29,054
- County
- Travis
- Neighborhood
- Eighty One William Cannon Join
- School district
- Austin ISD
- Schools
- Perez · Mendez · Akins
Features
- View
- Downtown, Park/Greenbelt, Trees/Woods
- Sewer
- See Remarks, Public Sewer
- Utilities
- See Remarks, Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
- Lot
- See Remarks
- Water
- See Remarks, Public
- Horse amenities
- None
- Community
- See Remarks
- Waterfront
- None
Location
Listings courtesy of Unlock MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of November 15, 2026 at 3:52 PM CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, and its use may be subject to an end user license agreement prescribed by the applicable MLS. Some IDX listings have been excluded from this website. Any use or search of this website other than by a consumer looking to purchase or lease real estate is prohibited. Terms of use