1020 Spence ST # B, Austin TX 78702

Build Your Vision in the Heart of East Austin! Here’s your shot to create something special in one of Austin’s most vibrant, walkable, and iconic neighborhoods. Nestled in a 2-lot regime in East Austin, this lot has huge potential. Walk a few blocks north and you're hitting 6th Street vibes; music, mezcal, and late-night tacos. Head south and it's all Lady Bird Lake energy, trees, trails, and water views. And right from home, you’ve got panoramic views of Downtown’s skyline, including the new Waterline building, the tallest building in all of Texas, a reminder that the city is growing up (literally) all around you. Even better? Rainey Street is just three blocks away, and Waterline sits right next to it. Morning coffee runs, live music nights, and spontaneous meet-ups with friends suddenly feel like part of your daily routine. You’re literally surrounded by everything that makes East Austin, East Austin. Think: Rainey Street strolls, mornings at Juan in a Million or Snooze, bike rides to UT or Downtown, and happy hours at The White Horse or Hotel Vegas. You’re within blocks of Festival Beach, hike and bike trails, and a laundry list of East Side favorites like Cenote, Revelry, Emmer & Rye and more. This location screams Austin. It’s got that raw, local energy, and it’s just waiting for your build to plug into it. Whether you’re thinking long-term hold, modern build, or short-term rental income, the proximity to downtown, campus, and lake life makes this a no-brainer investment. Bonus: With nearby bus stops, easy I-35 access, and a “who needs an Uber?” lifestyle, you or your future renters will always be connected. Cool neighborhood. Killer location. Solid return potential. This is what East Austin dreams are made of.
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