3303 Neal St

Developer's Dream and Investor's Golden Opportunity! An expansive flat .78+ acre lot, zoned SF3 for up to 3 structure, nestled in the heart of East Austin. Its strategic proximity to UT, Downtown Austin, and the Airport positions it as a prime location for your next project. Recent HOME INITIATIVE Phase 2 passed allowing for lot size reduction from 5750 to 1800-2000 sq ft. allowing this lot to be subdivided for smaller homes. This exceptional property is a blank canvas awaiting your vision. The flat terrain, adorned with a charming tree-lined border, offers both privacy and natural beauty. With a recent survey detailing quarter, half, and full tree root zones, you have all the essential information for planning your build. The fully fenced land ensures a secluded haven for your new development, with utilities readily available at the street, simplifying the construction process. But that's not all; this property comes with a one-story home built in 1952, offering 2 bedrooms and 2 full bathrooms. Additionally, a storage shed adds convenience to the property. The current home is tenanted, presenting an opportunity for immediate rental income. Intrigued yet? All showings are “By Appointment Only,” allowing you to explore this remarkable piece of real estate at your convenience. With its generous size and strategic location, the possibilities for your SF3 building project await. Don’t let this rare opportunity slip through your fingers – invest in your future with this prime piece of real estate today!