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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 Type
Commercial Sale
Year Built
1987
Lot Size
1.12 acres
Garage
65 spaces
Listed by Compass RE Texas, LLC
Verified property facts
320 W William Cannon DR is listed at $2,500,000 with 0 bedrooms, 1.12-acre lot. This places it above the 78745 median of $479,000.
320 W William Cannon DR is a Commercial Sale built in 1987 featuring 0 bedrooms, 1.12-acre lot.
320 W William Cannon DR 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.
The most recent annual property tax for 320 W William Cannon DR is $33,787. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($500,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 320 W William Cannon DR is around $15,788 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
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Southridge Plaza
Property Details
Flooring
Construction
Foundation
Parking
Listing timeline with current price, original ask, and market time.

District context schools are shown because address-level assigned school fields are not available for this property. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($500K)
$2,500,000
Luxury property intelligence
A sourced read on Southridge Plaza pricing, timing, and property scale. No automated valuation claim.
List price
$2,500,000
Price per sqft
Not available
Vs. Southridge Plaza median
Not available
Days on market
5 days
Original to current
No verified reduction
$2.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 1, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $2,500,000, 320 W William Cannon DR is in the Southridge Plaza market where there are currently 169 active listings in 78745. The Keenan Group has completed 29 transactions in 78745 as part of 1,000+ career sales totaling $1B+ across Austin.
320 W William Cannon DR was built in 1987 (39 years ago). Buyers should budget for potential updates to major systems.
320 W William Cannon DR sits on a 1.12-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Active listings near 320 W William Cannon DR
Recent sales for market context