320 W William Cannon Dr, Austin, TX 78745

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!

A hard corner at a signalized intersection on West William Cannon Drive in South Austin offers rare commercial development potential on 1.1189 acres zoned for transformation. The existing 4,800 square foot freestanding structure sits on a parcel with approximately 65 paved parking spaces, positioned at one of the corridor's most visible locations with exceptional traffic counts and easy ingress and egress for retail, food and beverage, medical, or professional tenants.

The CS-MU-CO-NP zoning classification represents one of Austin's broadest commercial designations, opening by-right uses across restaurant and food service, retail, medical and professional office, personal services, and financial services. The Mixed Use overlay permits residential development on the same site, enabling a developer to layer multifamily, condominium, townhouse, or mixed-use components across the land. This combination is rarely offered at this price point in this submarket. The property carries no flood zone designation, no creek buffer constraints, and no major environmental complications that would delay permitting or development.

The existing building was previously permitted for restaurant use and retains an operational grease trap on site, providing immediate infrastructure advantage for any food and beverage operator considering repositioning. The city has confirmed strong building coverage and FAR potential, eliminating zoning uncertainty and accelerating any design or development timeline. The lot-to-building ratio of approximately 1.12 acres to 4,800 square feet gives an owner real flexibility to repurpose existing improvements, expand the current footprint, or pursue a complete redevelopment strategy.

West William Cannon Drive serves as a primary South Austin corridor with daily traffic volumes that support high-visibility retail and commercial operations. The signalized corner location delivers billboard-grade visibility without the cost of advertising, a critical advantage for any tenant-focused or consumer-facing business. Proximity to established South Austin neighborhoods, nearby medical facilities, and regional shopping centers positions the site within a proven commercial zone.

The property requires no special use permits, has a clean regulatory path forward, and offers a rare opportunity to acquire a hard corner site with development flexibility, parking, visibility, and acreage at a value point that rarely appears in this location. The asking price of $2.50 million reflects the land value and zoning potential rather than the existing structure, positioning an owner for immediate operational revenue or future development upside.