600 Cumberland

Jones Lang LaSalle Capital Markets Group (“JLL”) has been exclusively retained by the sellers to offer potential buyers and developers the opportunity to acquire 600 Cumberland (the “Property” or “Site”), a ±0.7-acre development Site at the corner of South 1st Street and Cumberland Road. The Property is favorably located in the south-central submarket of the Austin, Texas MSA, which is quickly being repositioned as one of the most dynamic growth neighborhoods in Austin. The Site is fully permitted, designed, and approved for a 120 unit multi-housing execution on the tract, and the zoning (GR-V-ETOD-DBETOD) allows for a number of other uses on the Site without a need for a rezone. Located in the heart of South-Central Austin along the South 1st Street corridor, the Site also sits just west of the highly sought-after South Congress (“SoCo”) corridor with direct access to SoCo via Cumberland Road. Other major corridors such as Oltorf, South Lamar, and Lightsey/Woodward all take you to the area highways of Highway 71, Interstate Highway-35, as well as Loop 360 and Mopac (Loop 1). Together, these roadways provide seamless connectivity to the broader Austin metro and the southern portion of the urban Austin core. With the St. Elmo District just to the south of Highway 71, South Congress, and multiple major employment and lifestyle destinations - all within a 10-minute drive, the Property is well-positioned to capitalize on strong demand drivers in the area for a future development.