507 Allen Street Austin , TX 78702

Location Location Location....Remarkable investment opportunity. This property is just a 2 minute drive time to downtown Austin. Exceptional property with multiple possibilities for development. Located in the highly sought after East Austin area. Conveniently located nearby Grizzeldas, Justine's, Cloud Tree Art Studio/Gallery, Central Machine Works, Metro Rail, and just a 2 minute drive from downtown Austin. The property is zoned SF3, allowing flexibility of land use and in construction and development plans. This charming home offers 3 bedrooms, 2 bathrooms, and an abundance of natural light. This property is also Wheelchair accessible. There is opportunity to rebuild, teardown, or add another property on this lot along with this home. The property next door located at 509 Allen St is also for sale. Seller would like to sell both properties at the same time. This would give a investor or developer a chance to design and build brand new dwellings and maximize your investment. Don't miss out on this amazing opportunity!