422 Congress Ave, Austin, TX, 78701-3660, US

422 Congress

Asset description

JLL Capital Markets has been exclusively retained to offer the fee simple interest in 422 Congress Avenue, a ±7,369 sf parcel located at the southwest corner of the intersection of West 5^th Street and Congress Avenue in Austin, TX. Long recognized as the “Main and Main” intersection in the CBD, 422 Congress offers a prime location within walking distance of renowned destinations including the Convention Center, State Capitol, East 6th Street (including numerous live music venues and Joe Rogan's Comedy Mothership), the 2nd Street entertainment districts, The Paramount Theatre, the Congress Avenue bridge, and Lady Bird Lake. Zoned "CBD" with unrestricted height and 8:1 FAR by-right (potential for 25:1 FAR through density bonuses), this site presents a once-in-a-generation development opportunity within steps of the best of downtown Austin.

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Attributes

Land area gross

0.07 ha

Media

Investment highlights

Landmark location in the heart of Austin, close to major demand drivers such as the Texas Capitol, University of Texas, and popular neighborhoods and attractions.
Congress Avenue is Austin's "Main Street" known for its diverse architecture, retail shops, restaurants, and entertainment venues, making it a must-visit destination.
Future supply constraints in downtown Austin due to geographical barriers and strict city planning and permitting processes.
422 Congress has desirable by-right entitlements, allowing for a high floor-to-area ratio (FAR) of 8:1, with the potential to increase to 25:1 through Austin's downtown density bonus program.