Fantastic opportunity to own a premier lot where you can quickly get to all that downtown and Central Austin has to offer. This single-family residence is firmly located within a neighborhood setting and not located on a high volume street or adjacent to any commercial property, and also has a clear view of Austin's downtown skyline. Arrive at desirable destinations and the Lady Bird Lake Hike & Bike Trail in minutes. It could be used as a starter home, with renovating or adding on as near-term opportunities. It could be used as a solid long-term or short-term rental while future development plans are created.  The current owner has successfully secured a demolition permit from the City in the past. With recently adopted City ordinances, up to 3 units can be built on a SF-3 lot, and this lot has alley access as well. Home to be sold as is, buyer to confirm all information regarding zoning and development options with the City of Austin.