1201 W 8th ST, Austin TX 78703

Builder Redevelopment Opportunity in Prime Clarksville

Located in one of Austin’s most walkable and in-demand neighborhoods, 1201 W 8th St is a rare redevelopment opportunity that checks every box for builders and developers. Formerly a church and now a 6-plex, this 8,002 SF flat corner lot is zoned MLT FAM DWLG (Multi-Family Dwelling) and offers a flexible foundation for your next high-end project. There are currently 6 Bedrooms, 5 bathrooms and it could easily be 6 bathrooms. There are 6 electric and gas meters and each apartment has a stove fridge. There are 3 washers and dryers on the property. With all city utilities available at the street and easy access from Blanco Street, South Lamar, and both 5th and 6th Streets, this site is ideal for a teardown and new construction.

Clarksville continues to outperform the broader market, with new construction selling between $900–$1,050/SF and design-forward homes averaging under 15 days on market. Condo units directly behind the property at 620 Blanco are selling for $3M+ each, offering a potential resale value of $5.4M–$9M, depending on the build configuration. Whether your vision is a luxury single-family residence, multi-unit build, or boutique condo development, this site delivers the zoning, location, and demand to support it.

Buyers in this area are high-income professionals, relocators, and second-home owners who place a premium on walkability. From this lot, you’re just steps from Clark’s Oyster Bar, Whole Foods HQ, Swedish Hill, Better Half Coffee, Pease Park, and the Lady Bird Lake Trail. The property is zoned to the sought-after Mathews Elementary School and sits among some of the most desirable infill builds in the city.

With no HOA restrictions, unmatched location, and multiple exit strategies, this is a rare opportunity to build in one of Austin’s strongest performing submarkets. If you're seeking flexibility, lifestyle appeal, and long-term value in Central Austin, 1201 W 8th is the one.