A new owner of 3416 Davis Lane will enjoy significant optionality with many viable development options. The zoning ordinance covering the property currently prohibits drive-thru operations and a set of deed restrictions that prevent multifamily development on the site. The density of development at the site is limited to a FAR of 0.07847, which equates to approximately 25,000 square feet.

A strong recent performance in the local retail and office submarkets supports a variety of potential projects at 3416 Davis Lane. Vacancies in the retail submarket currently sit below 2.4%, driving some of the highest rents in the market at an average of $33 per square foot. While office vacancy rates are trending higher, absorption in 2024 of almost 200,000 square feet marks an empowering recovery in the area. Businesses seeking proximity to Austins hottest retail and dining destinations have driven robust demand for the most recently constructed office space. Over 40% of the leasing volume during 2024 was in buildings that were constructed in the last five years, driving demand for a new premium office project at the site.

Businesses at 3416 Davis Lane will find themselves easily accessible to a large demographic population within 5 miles of the site. Employees and customers can quickly find the property via major surrounding highways such as Highway 1, Highway 290, and Interstate 35. Nestled within the sprawling suburbs of South Austin, the area is home to a stable population of more than 237,000. These residents command strong average household incomes of $115,000 and provide a daytime workforce of more than 77,000. The areas concentration of affluent commuting professionals drove elevated consumer spending of more than $3.4 billion during 2024, benefitting a new project at the subject property.

Dont miss out on this rare opportunity to shape the future of one of Austins most sought-after commercial destinations with a new retail or office project at 3416 Davis Lane.