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±2.3-Acre Commercial Parcel in suburban Austin with Visibility to ±5,042 Vpd
100% Growth from 2010-2023 and 8.3% Growth Anticipated 2023-2028 (5-Mile Radius)
Population of ±36,131 and Average Household Income of ±$86,608 (5-Mile Radius)
Nearby National Retailers including Walmart, Sonic Drive-In, and AutoZone
Zoned ETJ (Extraterritorial Jurisdiction) Allowing for Flexible Commercial Uses
Absolute $1 Auction - NO Reserve
Marcus & Millichap and RI Marketplace are pleased to present a ±2.3-Acre land parcel located adjacent to 18201 Blake Manor Road (the “Property”) in Manor, Texas. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.
The Property is a ±2.3-Acre parcel in the Austin Msa, situated adjacent to Glad Tidings Church and across from Blake Manor Elementary School along Blake Manor Road with traffic counts of ±5,042 vehicles per day. The Property benefits from strong demand generators and is surrounded by several newer residential neighborhoods, and less than 10 minutes from Walmart, Sonic, and AutoZone among other national retailers. Within five miles of the Property, the population has grown 100% since 2010 and is anticipated to grow another 8.44% between 2023 and 2028. Due to its strategic location in a growing market, The Property presents developers with a prime development opportunity with the potential for significant upside.
Located in the affluent East Austin submarket just 20 minutes from downtown, the Property benefits from dense and compelling demographics. The 5-mile trade area is supported by ±36,131 residents boasting an impressive average household income approaching ±$86,608. Over the past decade, Austin has gained national acclaim and established itself as a hub of economic and cultural diversity. With easy access to Us-290 (±5-Miles) and downtown (±17 miles), this offering provides the opportunity to develop an extremely well-located asset within a high growth market.
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