Residential Land for Sale in Austin, Texas

300 Irma | Prime Austin Redevelopment Opportunity | A rare land play in one of Austin's most connected corridors - with income while you plan. Nestled near the ACC Highland Campus, Crestview Rail Station, Ranch 99 Asian Market, and a dense mix of restaurants and retail, 300 Irma sits at the intersection of location and timing. The property currently operates as a duplex, generating income while you map your next move. What makes this site exceptional is what Austin's HOME (Home Options for Middle-income Empowerment) Initiative now makes possible. Passed by City Council, the HOME amendment fundamentally reshapes development rights on single-family lots across Austin - and this lot qualifies. Key provisions that directly impact this opportunity: Three units by-right - build up to 3 separate residences with no special use permit required; No minimum lot size per unit - the full lot is usable for your development program; Reduced setback and impervious cover restrictions - more buildable area, more flexibility in design; Applies city-wide - no variance or rezoning needed to exercise these rights. Whether your strategy is build-and-hold, build-and-sell, or land bank while the market matures, 300 Irma checks every box. Opportunities to acquire developable infill in Austin's urban core - already entitled for three residences - are increasingly hard to find. Call for details. Buyer to verify all MLS information.