Online Auction – Prime Corridor Land. By-Right Multifamily. Bid to Win

A rare opportunity to acquire nearly 2 acres of commercially zoned, unimproved land in Austin, Texas — sitting at the highly visible intersection of West US Highway 290 and Boston Lane, near the coveted US 290 / MOPAC Expressway (Loop 1) interchange. This 1.998-acre parcel carries CS (General Commercial Services) zoning and now stands as one of the most compelling land acquisition opportunities in the Austin market, supercharged by the transformative power of Texas Senate Bill 840, signed into law in June 2025 and effective September 1, 2025.

With no improvements to demolish or reposition, this is a clean, shovel-ready canvas for the savvy developer, investor, or end-user looking to capitalize on Austin's high-growth southwest corridor.

Property Highlights

Size & Configuration Nearly 2 acres (1.998 acres) of unimproved land — a meaningful assemblage in an infill Austin market where large, contiguous commercially zoned parcels along major corridors are increasingly scarce.

Legal Description ABS 2 SUR 17 Anderson T ACR 1.998 — Travis County, Texas

Zoning: CS-CO-NPP / CS-NP (General Commercial Services) The CS zoning designation is among Austin's broadest commercial classifications, permitting a wide range of retail, office, restaurant, service, and commercial uses. Critically, CS zoning is a qualifying commercial district under Texas SB 840.No Improvements / Clean Title Opportunity With no existing structures, there are no demolition costs, no deferred maintenance, no legacy tenant issues — just raw, entitled land ready for your vision.

  The SB 840 Advantage — A Game-Changer for This Property

 This parcel is a direct beneficiary of Texas Senate Bill 840, signed by Governor Greg Abbott on June 20, 2025, and effective September 1, 2025. SB 840 is widely regarded as one of the most significant zoning reform laws in Texas history, and it substantially expands the development potential of this CS-zoned property.

At its core, SB 840 allows multifamily housing to be developed "by right" in areas currently zoned for commercial, office, warehouse, retail, or mixed-use — without the need for rezoning, variances, or public hearings. For this parcel, that means:

Multifamily residential is now permitted by right on this CS-zoned site, bypassing the historically time-consuming and uncertain Austin rezoning process

Under SB 840, multifamily and mixed-use residential developments in commercial zones can, by right, reach a height of the greater of 45 feet or the height that applies to commercial uses for the site, reach a density of up to 54 units per acre, include setbacks of the lesser of 25 feet or what applies to commercial uses, and develop with unlimited floor-to-area ratio (FAR)

Administrative approval pathway — the law limits municipal discretion with respect to discretionary zoning and land-use approvals, and instead establishes an administrative approval pathway for qualifying multifamily and mixed-use residential projects in eligible nonresidential districts

Tranzon Asset Advisors of Texas, LLC, # 9008058, Kelly D. Toney, TX Auctioneer #11818, Broker #0421809

10% Buyers Premium based on the high bid and other terms apply. 

Online bidding ends June 11th at 1:00pm ET

Contact Kelly Toney at 713-816-1123 or