For Sale Commercial MLS# ACT2479764

320 W William Cannon Dr

Austin, TX 78745

$2,050,000

Take the tour

About 320 W William Cannon Dr

CS-MU-CO-NP zoned and ready for what's next. The CS base is one of Austin's broadest commercial designations, opening the door to an exceptional range of by-right uses -- restaurant and food service, retail, medical and professional office, personal services, financial services, food sales, and more. The Mixed Use overlay layers residential on top, allowing multifamily, condominium, townhouse, or mixed-use development on the same site. The property was previously permitted for restaurant use and retains an existing grease trap on site -- a head start for any food and beverage operator. Not in a flood zone, no creek buffer, no major environmental constraints, and the city has confirmed strong building coverage and FAR potential -- a clean path forward for a wide range of commercial or mixed-use visions.

4,800 SF freestanding on 1.12 acres with about 65 paved parking spaces and a lot-to-building ratio that gives a new owner real flexibility. Hard corner at a signalized intersection on W William Cannon Drive -- one of South Austin’s most heavily traveled corridors — the site benefits from exceptional frontage, strong daily traffic counts, easy ingress/egress, and visibility that is billboard-grade.

Repurpose the existing improvements, expand the current footprint, or pursue a more substantial redevelopment play. Signalized corner sites with this level of zoning flexibility, parking, visibility, and land size rarely trade at this price point in South Austin.

Contact listing agent today for questions and a private tour!

Property details

Property

Type
Mixed Use
MLS type
Commercial Sale
Status
Active
Year built
1987
Lot
1.1189 AC / 48,739 SF
Original price
$2,500,000
MLS #
2479764

Interior

Flooring
Carpet, Laminate, Tile
Heating
Central
Cooling
Central Air

Exterior & lot

Foundation
Slab
Parking
On Site, Parking Lot, Paved

Utilities

Utilities
Cable Connected, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected, Water Connected
Water
Public
Sewer
Public Sewer
Security
Closed Circuit Camera(s), Security Fence, Security Lights, Security System

Financial

Annual tax
$33,787
Tax year
2026
Parcel
04191101280000
Legal
LOT 2 SOUTHRIDGE PLAZA
Special conditions
Standard

Location

Subdivision
Southridge Plaza
County
Travis
Directions
From S Congress Ave heading south, turn right onto W William Cannon. Property will be on the right corner of the 2nd stop light.

Location

Neighborhood
Southridge Plaza

Ask about this property

Questions on 320 W William Cannon Dr, or want to see it in person?

Listed by John Mundell, Compass RE Texas, LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.