Overview
Description
CS-MU-CO-NP zoned and ready for what's next. The CS base is one of Austin's broadest commercial designations, opening the door to an exceptional range of by-right uses -- restaurant and food service, retail, medical and professional office, personal services, financial services, food sales, and more. The Mixed Use overlay layers residential on top, allowing multifamily, condominium, townhouse, or mixed-use development on the same site. The property was previously permitted for restaurant use and retains an existing grease trap on site -- a head start for any food and beverage operator. Not in a flood zone, no creek buffer, no major environmental constraints, and the city has confirmed strong building coverage and FAR potential -- a clean path forward for a wide range of commercial or mixed-use visions.
4,800 SF freestanding on 1.12 acres with about 65 paved parking spaces and a lot-to-building ratio that gives a new owner real flexibility. Hard corner at a signalized intersection on W William Cannon Drive -- one of South Austin’s most heavily traveled corridors — the site benefits from exceptional frontage, strong daily traffic counts, easy ingress/egress, and visibility that is billboard-grade.
Repurpose the existing improvements, expand the current footprint, or pursue a more substantial redevelopment play. Signalized corner sites with this level of zoning flexibility, parking, visibility, and land size rarely trade at this price point in South Austin.
Contact listing agent today for questions and a private tour!
Virtual Tour
Address
- Street320 William Cannon
- CityAustin
- SubdivisionSouthridge Plaza
- CountyTravis
- StateTX
- Zip78745
- MLS #2479764
Interior
- Accessibility FeaturesCustomized Wheelchair Accessible,Accessible Approach with Ramp
- Bathrooms Total Integer0
- Bedrooms Total0
- CoolingYes
- FlooringCarpet,Laminate,Tile
- HeatingCentral
- Other EquipmentNegotiable
Exterior
- Lot FeaturesLevel,Mature Trees
- Lot Size Acres1
- Lot Size Area1
- Parking FeaturesOn Site,Paved,Parking Lot
- TopographyLevel
Structure
- Building Area SourcePublic Records
- Building Area Total4,800
- Building FeaturesAppliances,No Loading,Private Restrooms,Reception Area,Storage,See Remarks
- Construction MaterialsBrick Veneer
- Current UseCommercial,Medical/Dental,Mixed Use,Office,See Remarks
- Foundation DetailsSlab
- Leasable Area4,800
- Number Of Buildings1
- Property ConditionResale
- Year Built1987
- Year Built SourcePublic Records
Utilities
- SewerPublic Sewer
- UtilitiesCable Connected,Electricity Connected,Natural Gas Available,Phone Connected,Sewer Connected,Water Connected
- Water SourcePublic
Financial
- Existing Lease TypeSee Remarks
- Gross Scheduled Income0
- Operating Expense0
- Parcel Number04191101280000
- Tax Annual Amount33,787
- Tax Assessed Value1,775,000
- Tax Legal DescriptionLOT 2 SOUTHRIDGE PLAZA
- Tax Lot2
- Tax Year2026
- ZoningCS-MU-CO-NP — General Com
- Zoning DescriptionCS-MU-CO-NP — General Commercial Services, Mixed Use overlay. Highly permissive — restaurant, retail, medical, office, and residential mixed-use permitted by right. Sweetbriar NP area.
Location
- Anchors & CotenantsAustin Physical Therapy Specialists is a the main tenant and flexible to vacate on reasonable notice.
- CountryUnited States
- County Or ParishTravis
- DirectionsFrom S Congress Ave heading south, turn right onto W William Cannon. Property will be on the right corner of the 2nd stop light.
- Latitude30
- Longitude-98
- MLS Area Major10N
- Postal Code78745
- Street Direction PrefixW
- Street NameWilliam Cannon
- Street Number320
- Street Number Numeric320
- Street SuffixDrive
- Subdivision NameSouthridge Plaza
- Unparsed Address320 W William Cannon DR
Listing Info
- Attribution Contact(512) 575-3644
- Contract Status Change DateMay 27, 2026
- Cumulative Days On Market159
- Days On Market159
- DisclosuresSee Remarks
- Documents AvailableSee Remarks
- Documents Change TimestampAugust 12, 2026
- Documents Count4
- Internet Automated Valuation DisplayYes
- Internet Consumer CommentYes
- List AORAustin Board of Realtors
- List Agent Direct Phone(512) 655-9056
- List Agent First NameJohn
- List Agent Full NameJohn Mundell
- List Agent Key2581976
- List Agent Last NameMundell
- List Agent MLS ID640318
- List Agent National Association ID785036999
- List Agent URLhttps://www.realtyaustin.com/agents/john-mundell
- List Office EmailTxbroker@compass.com
- List Office Key986083
- List Office MLS ID3788
- List Office NameCompass RE Texas, LLC
- List Office National Association ID785017367
- List Office Phone(512) 575-3644
- List Office URLwww.compass.com
- List Price1,950,000
- Listing AgreementExclusive Right To Sell
- Listing Contract DateMay 27, 2026
- Listing ID2479764
- Listing Key1170101559
- Listing ServiceFull Service
- Listing TermsCash,Conventional,1031 Exchange,Owner May Carry,SBA Type Loan
- Major Change TimestampNovember 2, 2026
- MLS StatusActive
- Modification TimestampNovember 3, 2026
- On Market DateMay 27, 2026
- Original Entry TimestampMay 27, 2026
- Originating System Key231464594
- Originating System NameACTRIS
- Photos Change TimestampAugust 12, 2026
- Photos Count34
- PossessionClosing & Funding,Negotiable
- Price Change TimestampNovember 2, 2026
- Sign On PropertyYes
- Source System Key1170101559
- Special Listing ConditionsStandard
- Status Change TimestampMay 27, 2026
- Syndicate ToApartments.com,AustinHomeSearch.com,HAR.com,ListHub,Realtor.com
- Syndication RemarksCS-MU-CO-NP zoned and ready for what's next. The CS base is one of Austin's broadest commercial designations, opening the door to an exceptional range of by-right uses -- restaurant and food service, retail, medical and professional office, personal services, financial services, food sales, and more. The Mixed Use overlay layers residential on top, allowing multifamily, condominium, townhouse, or mixed-use development on the same site. The property was previously permitted for restaurant use and retains an existing grease trap on site -- a head start for any food and beverage operator. Not in a flood zone, no creek buffer, no major environmental constraints, and the city has confirmed strong building coverage and FAR potential -- a clean path forward for a wide range of commercial or mixed-use visions. 4,800 SF freestanding on 1.12 acres with about 65 paved parking spaces and a lot-to-building ratio that gives a new owner real flexibility. Hard corner at a signalized intersection on W William Cannon Drive -- one of South Austin’s most heavily traveled corridors — the site benefits from exceptional frontage, strong daily traffic counts, easy ingress/egress, and visibility that is billboard-grade. Repurpose the existing improvements, expand the current footprint, or pursue a more substantial redevelopment play. Signalized corner sites with this level of zoning flexibility, parking, visibility, and land size rarely trade at this price point in South Austin. Contact listing agent today for questions and a private tour!
- Universal Property IDUS-48453-N-04191101280000-R-N
Features & Amenities
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- Principal & interest
- Property tax
- Home insurance
- PMI
- HOA dues
Estimates only and not a loan offer. Taxes, insurance and rates vary — confirm with a lender.
Meet your agent
John Mundell
Listing Agent · Compass RE Texas, LLC
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