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Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the unique opportunity to purchase 1601 Kramer Lane (the “Property” or “Site”), comprising 2.071 acres of developable land in Austin, Texas. Located in north Austin along Kramer Lane between IH-35 and Loop 1 (MoPac), and just 1.3 miles east of The Domain, the Site is approximately 15-minutes from both Downtown Austin and the rapidly growing suburb of Round Rock. 1601 Kramer provides exceptional accessibility to nearly 350,000 Austin residents within a 5-mile radius and is advantageously positioned in Austin’s path of growth trending north. The Property features convenient access to major thoroughfares including IH-35, Loop 1, US Highway 183, Braker Lane, and Metric Boulevard, and is proximate one of the metro’s largest economic demand drivers in The Domain (“Austin’s Second Downtown”).
Currently zoned LO-MU-CO-NP (Limited Office – Mixed Use – Conditional Overlay – Neighborhood Planning Combining District), the Site has an existing 3,600 SF building leased to NYOS Charter School (State Funded) through summer 2021. The Property’s current improvements present potential investors with the ability to cash flow the Property prior to development.
- Excellent Development Opportunity in Fast-Growing North Austin
- Premier Location Adjacent to The Domain, "Austin's Second Downtown"
- Top Performing North/Domain Submarket