1.37 Acre Prime Redevelopment Opportunity — Sale in Austin, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Austin, TX 78745

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Description

This 1.37-acre prime redevelopment opportunity is located in Austin's St David's South Medical District. It offers a signalized hard corner location at South First Street and Radam Lane. The property features a new sidewalk along South First Street, including two curb cuts that provide direct access to the property. South Menchaca offers seamless access to downtown Austin and major highways, including I-35 and Highway 71. The area serves more than 364,290 residents within a five-mile radius, with an average household income of $109,863. Major employers such as Dell Technologies, Apple, Google, Amazon, and Oracle drive a significant daytime population surge downtown. Within a five-mile radius, 599,258 employees increase the daytime population by 64 percent. Investment Highlights: • Rare 1.37 Acre Redevelopment Opportunity in Austin's St David's South Medical District • New Sidewalk Completed Along South First Street, Including Two Curb Cuts Providing Direct Access to the Property • Signalized Hard Corner Location on South First Street and Radam Lane (35,324 VPD) Near US 290 (149,817 VPD) • More Than 364,290 Residents and an Average Household Income of $109,863 (Five-Mile Radius) • Significant Workforce Hub: The Daytime Population Increases by 64 Percent Due to 599,258 Employees Within a Five-Mile Radius

Market Context

This retail in Austin, TX is listed for sale. Compare it against other retail listings for sale in Austin, TX — view the full market.

As of Q1 2026, the Austin retail market showed a 3.7% vacancy rate, and rents up 5.3% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Austin retail market tightening or softening?
Vacancy is around 3.7%, with asking rents rising year over year (Q1 2026).

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