1507 1/2 Holly St Tree removed for a larger building envelope! Build value at your own pace with this home situated near the heart of downtown and a bike ride away from Lady Bird Lake! The seller recently removed a large tree against the house, simplifying planning for a major renovation. The existing 960-square-foot residence offers flexibility for those considering a substantial remodel, second-story addition, or complete redevelopment. With rear alley access, a practical configuration may include a detached garage at the back of the lot with a small rental unit or guest quarters above, subject to applicable regulations. While the lot provides room for expansion, the design opportunity is shaped by two additional protected pecan trees located near the center of the property. These mature trees will likely remain a focal point of the property, creating a natural yard or outdoor living area beneath their canopy. Located in one of Austin's most established and desirable neighborhoods, this property presents a rare opportunity to create a custom residence tailored to your vision and lifestyle. Zoned SB840 Multi-Family, Commercial, or Residential. 0.149 acre / 6, 499 sqft per tax record approximately 44' wide at front and 45' at rear and 145' deep. CS and SB 840 MF zoning are indicated by the Zonability report. Buyer to verify permitted uses.