$659,000
2605 East Ave, Austin, TX, 78702
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Lot runs throgh to Santa Rosa Street, two houses included. Priced below market for quick sale. Area is booming with residential AND commecial re-development. Fabulous opportunity for adding value and returns on this site. Desperate, must sell, bring offers, mayday!” The existing structure is a tear-down. This property is part of the Holly Neighborhood comprehensive plan and changed the zoning of 2605 E. 5th Street (by Ordinance 011213-44) from SF-3 to GR-CO-MU-NP so the possibilities are many! GR (Community Commercial): This base district is intended for offices and commercial uses serving community and neighborhood needs. CO (Conditional Overlay): This is a combining district that modifies and restricts the uses and development standards allowed by the base zoning district which limits building height to 50' and no more than 16 units. MU (Mixed Use): indicates that the property can now be developed with a blend of commercial and residential components. NP (Neighborhood Plan): means that the property is part of a Neighborhood Plan (the Holly Neighborhood Plan ). See "Reports" for Holly Neighborhood Plan.
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Learn About the Market: Opportunity in Austin




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Austin
Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.
From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.
Population Growth
~0.4%
Net Migration
Positive
Median Home Price
$555,300
Unemployment Rate
3.20%
Price Trend
~0.4% YoY growth
New Permits
2,269 units
City: Austin
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