Land

Highway 71 & Norwood - 45 Acres

Hwy 71 & Norwood Ln Austin, Texas United States 78617
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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Land Area ()

Property Description

Jones Lang LaSalle (“JLL”) is pleased to offer qualified investors the unique opportunity to purchase 45 acres of developable land along US Highway 71 and Norwood Lane (the “Property” or “Site”) in Austin, Texas. Located in Southeast Austin, just five miles from both Austin Bergstrom International Airport (ABIA) and the recently announced Tesla Gigafactory currently under construction, the Property is positioned in the heart of Austin’s path of growth east. The Site’s location and access is optimal for industrial development with direct access to Austin’s most highly traveled East-West thoroughfare in US Highway 71, which connects Austin to Houston, and offers accessibility to other major highways in State Highway 130, US Highway 183, and Interstate 35. Additionally, the 45-acre Site is located in the Austin ETJ, which offers fewer zoning restrictions and a less stringent development approval process compared to development sites in the Austin Proper. The Site is located in the southeast industrial submarket, the preferred industrial submarket due to the low cost of land relative to other submarkets, proximity to major regional highways, prominent demand drivers in ABIA and Circuit of Americas, and it’s connectivity to the growing Greater Austin-San Antonio Corridor. Highway 71 and Norwood presents an attractive development site in one of the fastest growing cities in the nation.

Investment Highlights

  • Prime Connectivity to Entire Austin MSA
  • Premier Industrial Development Site
  • Rapid Southeast Expansion
  • Robust Southeast Submarket Fundamentals
Last Updated Date: 05 Mar 2021
Joe Dowdle
Joe Dowdle
Senior Director, Capital Markets
Garrett Gilleland
Garrett Gilleland
Senior Director, Capital Markets
License details
TX-641371

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Last Updated Date: 05 Mar 2021

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