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This 11.63-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 171 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.
| LAST UPDATED | 10/20/2026 | TRACT | Eighty One William Cannon Join |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Eighty One William Cannon Join |
| COUNTY | Travis | STATUS | Active |
| PROPERTY TYPE(S) | Lot/Land/Acreage |
| Elementary School | Perez |
|---|---|
| Jr. High School | Mendez |
| High School | Akins |
| ADDITIONAL DETAILS | |
| AREA | 11 |
|---|---|
| INTERIOR | High Speed Internet |
| LOT | 11.63 acre(s) |
| LOT DESCRIPTION | Rolling Slope, See Remarks |
| SEWER | Public Sewer |
| SUBDIVISION | Eighty One William Cannon Join |
| TAXES | 29054.11 |
| UTILITIES | See Remarks, Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Downtown, Park/Greenbelt, Trees/Woods |
| WATER | See Remarks, Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Property listed by Scott Gustafson, Redfin Corporation
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 10/20/26 5:58 PM PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is 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.
Information being provided is 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.
This IDX solution is (c) Diverse Solutions 2026.