300 Irma | Prime Austin Redevelopment Opportunity | A rare land play in one of Austin's most connected corridors — with income while you plan.
Nestled near the ACC Highland Campus, Crestview Rail Station, Ranch 99 Asian Market, and a dense mix of restaurants and retail, 300 Irma sits at the intersection of location and timing. The property currently operates as a duplex, generating income while you map your next move. What makes this site exceptional is what Austin's HOME (Home Options for Middle-income Empowerment) Initiative now makes possible. Passed by City Council, the HOME amendment fundamentally reshapes development rights on single-family lots across Austin — and this lot qualifies. Key provisions that directly impact this opportunity:
Three units by-right — build up to 3 separate residences with no special use permit required; No minimum lot size per unit — the full lot is usable for your development program; Reduced setback and impervious cover restrictions — more buildable area, more flexibility in design; Applies city-wide — no variance or rezoning needed to exercise these rights. Whether your strategy is build-and-hold, build-and-sell, or land bank while the market matures, 300 Irma checks every box. Opportunities to acquire developable infill in Austin's urban core — already entitled for three residences — are increasingly hard to find.
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