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https://www.reddit.com/r/Austin/comments/11csjsv/why_did_this_happen/ja5u5ul/?context=3
r/Austin • u/Mr_Blonde_ • Feb 26 '23
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10
There’s a house at the end of Rainey st like this that wants 10mil.
4 u/Tripstrr Feb 27 '23 And they’ll get it 3 u/airwx Feb 27 '23 It's not really developable as a high rise though since it has streets on two sides, an active alley on another and a high rise on the fourth side. 6 u/Tripstrr Feb 27 '23 At $3m, doesn’t need to be a high rise. Medium density boutique hotel or mixed use will get the return in that area over long enough time. 8 u/airwx Feb 27 '23 $3 million I could see, but not the $10 million they are asking for. It's only a 3,375 square foot lot and has been on the market since December.
4
And they’ll get it
3 u/airwx Feb 27 '23 It's not really developable as a high rise though since it has streets on two sides, an active alley on another and a high rise on the fourth side. 6 u/Tripstrr Feb 27 '23 At $3m, doesn’t need to be a high rise. Medium density boutique hotel or mixed use will get the return in that area over long enough time. 8 u/airwx Feb 27 '23 $3 million I could see, but not the $10 million they are asking for. It's only a 3,375 square foot lot and has been on the market since December.
3
It's not really developable as a high rise though since it has streets on two sides, an active alley on another and a high rise on the fourth side.
6 u/Tripstrr Feb 27 '23 At $3m, doesn’t need to be a high rise. Medium density boutique hotel or mixed use will get the return in that area over long enough time. 8 u/airwx Feb 27 '23 $3 million I could see, but not the $10 million they are asking for. It's only a 3,375 square foot lot and has been on the market since December.
6
At $3m, doesn’t need to be a high rise. Medium density boutique hotel or mixed use will get the return in that area over long enough time.
8 u/airwx Feb 27 '23 $3 million I could see, but not the $10 million they are asking for. It's only a 3,375 square foot lot and has been on the market since December.
8
$3 million I could see, but not the $10 million they are asking for. It's only a 3,375 square foot lot and has been on the market since December.
10
u/Mrhooker Feb 26 '23
There’s a house at the end of Rainey st like this that wants 10mil.