3400 Martin Luther King Jr Austin TX 78721

$599,000

Property Description

With immediate access to MLK Jr. Blvd, a major thoroughfare, you'll find easy access to Downtown/Central Business District, the medical center, the new Moody Center / UT Campus, and more! The property is directly across from the J.J. Seabrook Greenbelt which provides a view, a place for leisure and some separation from neighbors. Within walking distance to Mueller providing access to many entertainment and shopping needs. Special corner lot poised for a great development! Optionality abounds with the potential to keep the existing structure and build an ADU, or tear down the current bungalow and build a duplex like you'll see on the adjacent property on Pershing. New construction single family in this neighborhood is also selling for $2m+. Current market rent for the existing home is roughly $2400/month while you wait for permits. Buyer to verify development due diligence!

Property Details

  • Price: $599,000
  • MLS #: 3082056
  • County: Travis
  • City: Austin
  • State: TX
  • Zip: 78721
  • Status: Active
  • Type: Land

Property Map / Directions

From I35 east on MLK, house is on the left just as you cross Airport. At corner of Pershing and MLK. You can drive up on the drive way and park to the side of driveway and on the driveway. 3 cars can park in driveway area.

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