West Campus Investment Opportunity
For sale2307 Leon Street, Austin, TX 78705
Property type
Land
Price
$3,500,000
Building size
Year built
1917
Year renovated
Occupancy
Zoning code
Lot size
0.28 Acres
Property description
Franklin Street is pleased to present 2307 Leon Street, a premier investment opportunity located in the heart of Austin’s highly sought-after West Campus submarket. Situated just steps from The University of Texas at Austin, the property offers investors and developers the rare opportunity to acquire a well positioned infill site in one of the city’s most dynamic and supply-constrained neighborhoods. The property is zoned MF-4-CO-ETOD-DBETOD-NP, permitting moderate- to high-density residential development, including apartments, condominiums, and purpose-built student housing. As part of the City of Austin’s Equitable Transit-Oriented Development (ETOD) Density Bonus Overlay, the site may qualify for additional height and density through the City’s affordability bonus program, subject to City approval. 2307 Leon Street benefits from exceptional walkability, immediate access to The University of Texas, and proximity to Downtown Austin, major employment centers, retail, dining, and entertainment. Surrounded by continued redevelopment and sustained demand for student-oriented housing, the property represents a compelling opportunity to capitalize on one of Austin’s most resilient multifamily investment markets.
Property highlights
- Just 0.7 miles (approximately a 12-minute walk) from The University of Texas at Austin
- ±0.28 AC infill development site in one of Austin’s most supply constrained submarkets
- Zoned MF-4-CO-ETOD-DBETOD-NP, permitting moderate- to high density multifamily, condominium, or purpose-built student housing development
- Located within Austin’s Equitable Transit-Oriented Development (ETOD) Density Bonus Overlay, offering the potential for additional height and density through the City’s affordability bonus program, subject to City approval
- Surrounded by West Campus’ premier retail, dining, entertainment, and everyday amenities