2448 S 1st St, Austin, TX 78704

Zoning: CS-V-ETOD-DBETOD. See additional explanations in the documents: Commercial Services, Vertical Mixed Use, East Riverside Transit-Oriented Development, and Density Bonus. The property has strong redevelopment potential. (CS Base Zoning-Commercial Services), (V-Vertical Mixed Use allows residential units above ground-floor commercial), (ETOD-East Riverside Transit-Oriented Development, focus on walkability, allows density, reduced parking), (DBETOD-Density Bonus ETOD, allows additional height, density, or floor-area ratio, affordable housing, optional, not mandatory). Why not consider a Lease Back while you run your project through the City of Austin? Could it be a possible option? TCAD combined lots = 15,264 sq.ft., .35AC Unique opportunity to acquire two contiguous lots improved with an operating restaurant, including land, building, and all associated FF&E. The business has successfully operated at this location for over 25 years, reflecting long-term stability and market presence. Situated just over two miles from Downtown Austin in the highly sought-after 78704 area, the property has been well-maintained. It provides a strong foundation for continued restaurant operations or alternative commercial use. Ownership is open to reasonable offers and is prepared to engage in a timely transaction. Flexible terms may be considered with an acceptable offer. Showings are by appointment only and handled discreetly. Do not contact staff or employees under any circumstances.

At $3.10 million, 2448 S 1st St puts a long-running Austin business on two close-in South Austin lots, a rare setup in the South Congress. In Austin, TX 78704, this Commercial Sale - Business property sits in Travis County on 0.1584 acres and includes a 1963 building in one of the city’s strongest infill corridors.

This is not a generic commercial address. South 1st Street carries steady local traffic between West Oltorf Street and Ben White Boulevard, with South Congress Avenue, St. Edward’s University, and Downtown Austin all close by. Typical drive times are about 8 to 10 minutes to Downtown Austin, about 5 minutes to the South Congress retail district, and about 15 to 20 minutes to Austin-Bergstrom International Airport, depending on traffic. Lady Bird Lake and Auditorium Shores add another layer of visibility and activity for businesses serving both local residents and destination traffic in 78704.

The offering includes the land, the building, and the furniture, fixtures, and equipment tied to a business that has operated here for more than 25 years. That history matters on South 1st because established visibility and customer habits are hard to replace in central Austin. The site also gains depth from the second lot at 2508 S 1st. Based on the marketing remarks, the 2025 assessed value is $1,016,742 for 2448 S 1st St and $1,207,763 for 2508 S 1st, which gives buyers a useful read on the underlying land value as much as the operating business.

For buyers focused on hard numbers, the listing has been on the market 23 days. Square footage is not published, so price per square foot is not available from the current record. School district, school names, and school ratings are also not listed for this commercial sale, so there is no school assignment data to evaluate here. What is available points to the main story: a central Austin commercial property with direct South 1st frontage, strong access to major corridors, and a location inside one of the most durable submarkets in South Austin.

For an operator, investor, or owner-user, 2448 S 1st St offers a rare mix of history, land control, and 78704 positioning, with long-term value tied to the continued growth and staying power of South Austin.

South Congress is the only street in Austin where you can buy custom cowboy boots, eat handmade sushi at a ten-seat counter, and watch 1.5 million Mexican free-tailed bats take flight from a bridge - all within a half-mile walk. That density of experience makes this neighborhood different from every other part of the city. It is a real neighborhood where people live full lives, and the commercial strip at its center happens to be the most photographed street in Texas.

The corridor runs along Congress Avenue south of Lady Bird Lake, roughly from the bridge to Oltorf Street, with residential streets extending east and west. Downtown is a ten-minute walk across the Congress Avenue Bridge. The Texas Capitol is visible from the north end. Perla's does coastal seafood on a patio that becomes a scene on weekends. Home Slice Pizza has had a line since the day it opened. Aba serves Mediterranean with a rooftop view. June's All Day handles the all-day cafe role. Otoko is one of the most exclusive dining experiences in Texas. Magnolia Cafe remains a late-night institution. Jo's Coffee is where the famous mural lives, and Lenoir offers a prix fixe wine garden.

Craftsman bungalows from the 1920s through 1940s give the neighborhood its character, with front porches and mature pecan trees. Modern condominiums line the avenue itself. Contemporary townhomes fill spaces between. Bungalows on decent lots start around $700,000 and can exceed $1.5 million. Condos range from the mid-$400s to over $2 million for luxury high-rise units with downtown views. Lot sizes for single-family homes are small, often under a tenth of an acre, which keeps the density high and the walkability real.

Travis Heights Elementary serves many addresses and carries a loyal following among families wanting a diverse, walkable community. Fulmore Middle School and Travis High School are the secondary feeders. The schools are urban public schools in the truest sense: diverse student bodies, active parent organizations, and programs that benefit from a central location. Some families supplement with Austin Montessori and other private options nearby.

The street itself is a walking experience: vintage clothing, record shops, galleries, and restaurants on both sides of a wide sidewalk. Barton Springs Pool is a short walk west. Blunn Creek Greenbelt cuts through the residential streets. The Lady Bird Lake Boardwalk puts residents on the water trail system without driving. The Congress Avenue Bridge bat colony draws crowds March through October. Social energy peaks on weekend evenings when the avenue fills and patios at Perla's and Home Slice spill onto sidewalks.

South Congress is not directly comparable to suburban luxury neighborhoods because the product is fundamentally different. East Austin has more new construction and grittier energy. Travis Heights is quieter with larger lots. Rainey Street has been consumed by high-rises. South Congress maintains a balance between commercial energy and residential livability none of those can match. The bungalows have proven to be strong long-term holds.

South Congress is for buyers who want to live inside Austin's cultural heartbeat. It works for couples, creatives, and professionals who prioritize walkability and social energy over square footage. It works for investors who understand that a Craftsman bungalow on a South Congress side street is one of the scarcest asset classes in the city.