
Bring your business vision to life in the rapidly growing Greater Austin periphery. Built in 2021, this blank-slate structure features structural concrete slab flooring, insulated double-pane windows, and high-quality spray foam insulation. The building's open-span interior footprint is perfectly primed for customization into a commercial event venue, light manufacturing workshop, corporate headquarters, or agritourism hub.Core Structure Size: 5,425 total square feet across two potential levels. Acreage: 11.48 acres of gently rolling, open-pasture terrain.Zoning/Restrictions: Unrestricted lot located outside city limits, allowing flexible commercial uses.Shell Status: Under construction; frame, metal roof, exterior walls, and slab are complete.Existing Utilities: Private water well, septic tank system, electricity on property, and propane capability.Structural Details: Spray foam insulated shell, aluminum frame windows, and attached garage/carport bay.Investment & Use Case PotentialCorporate Workshop / Flex Space: The massive footprint allows clear zoning for an office entrance transitioning into heavy workshop space.Event Venue or Vineyard: Deep acreage provides scenic Texas Hill Country pasture backdrops and ample client parking spaces.Live-Work Compound: The plumbing and framing layout can easily integrate a 3-bedroom, 2-bathroom luxury living quarter attached to a business storefront.Location Advantages: Positioned with easy dual access along a public maintained road just off CR 221. The property delivers peaceful, wide-open rural advantages while maintaining seamless logistical transit to local Austin-area business corridors via nearby Highway 183 and Highway 138.
Property Type
Commercial Sale
Year Built
2025
Lot Size
11.40 acres
Garage
20 spaces
Listed by JBGoodwin REALTORS NW
Verified property facts
120 Novi RD is listed at $589,999 with 0 bedrooms, 11.40-acre lot. This places it above the 76527 median of $505,000.
120 Novi RD is in Downtown Austin, Austin, Texas. See the full [Downtown Austin neighborhood guide](/neighborhoods/downtown-austin) for market data, schools, and lifestyle details.
120 Novi RD is a Commercial Sale built in 2025 featuring 0 bedrooms, 11.40-acre lot.
120 Novi RD is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
With 20% down ($118,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 120 Novi RD is around $4,143 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Flooring
Construction
Parking
Price Change with current price, original ask, and market time.
20% ($118K)
$589,999
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$589,999
Price per sqft
Not available
Vs. Downtown Austin median
-32.6%
$875K median
Days on market
59 days
Original to current
$9K reduction
$599K original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 33% below the Downtown Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 12, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $589,999, 120 Novi RD is in the Downtown Austin market where there are currently 23 active listings in 76527. For a detailed market analysis, see our [Downtown Austin guide](/neighborhoods/downtown-austin).
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Downtown Austin is one of Austin's established neighborhoods in the 76527 area. The Keenan Group has specialized in Downtown Austin real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
3 events on record
Current Price
$589,999
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in n/a
Neighborhood guide and local insights
Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts. The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake. The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views. Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance. Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.
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Recent sales for market context