10.34 Acre Commercial Development Parcel

Avison Young presents for sale this 10.34 acre development parcel in Pflugerville, Texas, part of the fast-growing Austin MSA. This property is conveniently located at the NWC of Immanuel Drive and Wells Branch Parkway and boasts excellent access to SH-130 and major area employers. Exponential residential and population growth has made Pflugerville a household name. This property is surrounded by nearly 1,500 single-family homes with more expected to come online in the quarters ahead.

Multifamily + Retail Development Options:

The property is fully platted and shovel ready for a 192 unit multifamily + 65k sf commercial retail space, with a 2-level parking deck. Buyer could break ground on grading and public improvements immediately upon closing. Upon closing, Buyer will

assume:

• Plat (upon replacement of collateral)
• SDP Permit (fully approved Civil plans)
• Fully Approved Public Improvement Plans
• Full Drawing Set
• Building Permit (upon payment)

Alternative Development Options:

An alternative mix of uses can also be explored, which would require approval by the City of Pflugerville. The retail commercial development illustrates potential development of retail strip buildings with retail pads at the Wells Branch Parkway Frontage.