Eastside investor/developer dream property! Situated in a prime East Austin location at Tillery near 7th St, this sizable almost quarter acre lot sits in a very high demand location. Walking distance to local hot spots like Flitch Coffee, Jacoby’s, The RSRV, Sunzal, Lustre Pearl, and Justine’s, plus HEB, and so much more. Incredible opportunity for commercial or mixed use development as this property is zoned CS-MU-CO-NP, which allows for commercial services, mixed use, conditional overlay, and neighborhood plan development! Excellent lot layout with mature trees lining the property and a large open backyard area. This classic east side 1BD/1BA bungalow is ripe for a remodel or full redevelopment of the highly valuable land. The roof was updated in 2016 and comes with a 20-year warranty. Updated 125Amp electrical upgrade and home rewiring in 2014. Inside you will find beautifully refinished long leaf pine hardwood floors with tile in the wet areas plus windows galore that bring in peaceful natural light. Open concept living & dining with the kitchen nice and separate from the living space. The kitchen comes updated with a gas range, updated cabinets, countertop, disposal, and subway tile backsplash. The bathroom boasts a retro clawfoot tub with a shower attachment and an updated vanity. Convenient in-home laundry room. Two updated window AC units. Huge backyard lined with trees plus a xeriscape area, patio, and a shed. Easy access to 183 & I-35 and just 3 miles from the center of Downtown Austin, a mile from the heart of the exciting E 6th entertainment district, and an easy 5 miles to the airport. Just a mile to the Holly Shores trailhead for the Lady Bird Lake trail and the up-and-coming Holly development project. Don’t miss out on this prime development opportunity in the heart of East Austin. Schedule a showing today!