Development Opportunity · East Austin · 78702

The Future Is Being Built Around You

Two adjacent parcels. Two zoning designations. One once-in-a-generation opportunity at the epicenter of Austin's $4.5 billion I-35 transformation.

0.299
Acres Combined
11
Units Potential
2
Zoning Types
Listed At
$1,250,000
MLS# 2826285 · 806 & 900 Willow St, Austin TX
The I-35 Cap & Stitch
Construction Today.
Transformation Tomorrow.

The $4.5 billion I-35 Capital Express project is lowering the highway and creating 30+ acres of new parkland, plazas, and pedestrian bridges directly adjacent to this property. What you see today as construction is tomorrow's Klyde Warren Park moment for East Austin.

Today
The Vision
Construction Timeline
A Decade of Transformation

The I-35 Capital Express Central project spans from MLK Blvd to Holly Street — placing 806 & 900 Willow in the center of the action. Here's what's happening and what's coming.

2024–2026
MLK Bridge Reconstruction
Northern bridge demolition and rebuild underway. Wider pedestrian-friendly bridge with safety buffers. Expected completion Spring/Summer 2026.
Active Now
2025–2033
Lady Bird Lake Segment
Bypass lanes, shared-use paths along frontage roads, and new hike-and-bike trail connections. Includes a proposed $25M boardwalk along Lady Bird Lake.
Active Now
2026
Downtown Segment Begins
MLK Blvd to Holly Street — the segment directly impacting Willow Street. Highway lowering, upper deck removal, and new east-west crossings begin.
Starting Late 2026
2026
City Cap Funding Commitment
Austin City Council to vote on cap deck construction funding by May 2026. $104M already committed for roadway support elements. March 2026 financing plan presentation.
Decision Year
2027
Advanced Construction Package Bid
First major bid package including overpasses, utility relocations, and the infrastructure foundation for future cap-and-stitch elements.
Coming
2029
Ultimate Construction Package Bid
Cap-and-stitch elements go to bid. Includes downtown caps at Cesar Chavez, 4th Street, and pedestrian bridges. Closest cap to Willow Street properties.
Cap Construction
2033
Project Completion
Full transformation: lowered highway, 30+ acres of new parkland, pedestrian promenades, food markets, performance spaces, and seamless east-west connectivity.
Completion
The Precedent
Klyde Warren Park Changed Dallas Forever

When Dallas built a 5.2-acre deck park over Woodall Rodgers Freeway, nearby property values more than doubled. Office rents rose 60–82% in two years. Over $3 billion in economic activity followed. Austin's cap-and-stitch project is creating 30+ acres — six times the size — and 806 & 900 Willow sit within blocks of the first cap locations.

2x
Property Values
60–82%
Rent Increase
$3B+
Economic Activity
30+ acres
Austin's Cap Size
What's Coming
The Stitch: Parks Over the Highway

These renderings show the future of I-35 directly adjacent to 806 & 900 Willow Street — new deck plazas, markets, green space, and pedestrian connections that will transform East Austin's relationship with downtown.

Deck plaza rendering
Deck plaza design over lowered I-35 — landscaped walkways, public art, and pedestrian crossings connecting east and west Austin.
I-35 cap cultural installations
Conceptual design for the I-35 cap featuring plazas with cultural installations, greenery, and seamless street-level integration.
Market and food area
Food kiosks, market areas, and bike lanes on the Cesar Chavez / 3rd Street cap — steps from Willow Street.
Aerial view of caps
Bird's eye view of the completed caps showing new buildings, active play areas, open-air markets, and the East Avenue Trail running alongside.
1 / 4
Two Parcels, Two Strategies
What You Can Build

Each lot carries distinct zoning — together they create a flexible development play for residential, mixed-use, or a combined strategy with up to 11 units.

Combined Potential Under DB 90 / SB 840 + Rezoning
By developing both parcels together, a builder can create a cohesive project with a minimum of 10 units. The dual zoning allows for creative mixed-use strategies — residential above, retail/office at grade — maximizing value in Austin's most transformative corridor.
Residential
900 Willow St
SF-3-NP · Family Residence
  • Permitted UseSF / Duplex / Attached
  • Max Units3 Units (HOME)
  • FAR0.65 (65%)
  • Buildable Area4,230 sq ft
  • Avg Unit Size1,410 sq ft
  • Lot Size6,508 SF (47' × 139')
  • Best UseTownhomes / Live-Work
Mixed-Use
806 Willow St
LO-MU-CO-NP · Limited Office Mixed-Use
  • Permitted UseResidential + Commercial
  • Max UnitsUp to 8 (SB840)
  • FAR0.55 (55%)
  • Buildable Area3,579 sq ft
  • Avg Unit Size1,790 sq ft
  • Lot Size6,508 SF (46' × 136')
  • Best UseRetail + Residential
806 & 900 Willow St — Proximity Map
806 & 900 Willow St
Price$1,450,000
Total Area13,016 SF (0.299 ac)
900 WillowSF-3-NP — Up to 3 Units
806 WillowLO-MU-CO-NP — Up to 8 Units
CombinedUp to 11 Units (DB90/SB840)
Lot FeaturesCorner, Cleared, Level, Alley
Flood ZoneZone X — Outside SFHA
ETOD OverlaySubdistrict 2
Appraised$1,705,018
◆ 2 blocks from I-35 Cap
◆ $4.5B Capital Express investment
◆ $1.6B Convention Ctr 0.4 mi W
◆ $5B MD Anderson 1 mi N
◆ Walk Score: 84 — Very Walkable
Proximity
Steps From Everything

East Cesar Chavez neighborhood · 78702 · Walk Score 76 (Very Walkable)

2 min
I-35 Frontage
Direct visibility from 100,000+ daily vehicles. 565 ft from the highway.
4 min
Downtown Austin CBD
Walk to Rainey Street, Convention Center, and the central business district.
8 min
Lady Bird Lake
Hike-and-bike trail, kayaking, paddleboarding. New $25M boardwalk planned.
10 min
UT Austin / Dell Medical
$5B MD Anderson medical center opening 2029. Major institutional anchor.
11 min
Austin-Bergstrom Airport
7.5 miles via Hwy 71. 21M+ annual passengers.
1 blk
Future I-35 Cap
Cesar Chavez/3rd Street cap with parks, markets, and performance space — walking distance.
Lot Features
  • Corner Lot
  • Cleared
  • Alley Access
  • Level
  • Open Lot
  • Near Public Transit
  • City Views
  • No Floodplain
Property Details
  • Dimensions94' x 138.5'
  • Combined13,016 SqFt
  • CountyTravis
  • School DistrictAustin ISD
  • CouncilDistrict 3
  • ETOD OverlaySubdistrict 2
Builder Projections
The Numbers

Based on market analysis for new residential units in the area at $250/sf construction cost.

900 Willow · 3 Units
$2.1–2.3M
Estimated revenue at $497–$550/sq ft for new residential product in East Cesar Chavez.
806 Willow · 8 Units
$1.2–1.4M
Estimated revenue at $375–$425/sq ft for mixed-use product. Does not include commercial lease income.
Land Cost Per Unit
$131,818
Combined land cost across 11 units — excluding mixed-use commercial revenue upside.
Inquire
Let's Talk Development

Schedule a private site walk and review the full development brief, zoning reports, and comparable sales analysis.

Anthony Gibson
Anthony Gibson
Listing Agent
(512) 699-8507
anthony@realtyhaus.com
Kyle Eden
Kyle Eden
Co-Listing Agent
(480) 630-7003
kyle@realtyhaus.com
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