1514-1518 E Palm Valley Blvd Round Rock, TX
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29,461 SF office campus on 5.47 acres for sale.
Type:OFFICE
Property size:
29,461 SFLot size:
5.35 AcresPrice / SF:
$268/SF- Added:
- May 10, 2024
- Days on Market:
- 716
- Last Refresh:
- Apr 5 at 9:59 pm
Property Features for 1514-1518 E Palm Valley Blvd
General Information
- Standard status
- Active
- Size
- 29,461 SF
- Lot size
- 5.35 Acres
- Property subtype
- OFFICE
Listing agent Darren Quick License #0443913 (512) 514-1820
Listing office Don Quick & Associates, Inc. (512) 514-1820
Listing date May 10, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Don Quick & Associates, Inc.
Overview
Office Campus with Redevelopment Potential
The Merrell Campus is a 29,461 square foot office campus comprising 6 buildings situated on 5.47 acres. Located in Round Rock, the campus is less than two miles from Downtown Round Rock and minutes from The Kalahari Resort and Convention Center and Dell Diamond. The property is currently 100% leased, presenting a stable, cash-flowing investment opportunity. The lease term for the largest tenant has over eight years remaining, with no other leases set to expire until Q3 2022. There is potential for future redevelopment, with options to add approximately 4,900 square feet or replace an existing building with a 10,000 square foot structure. The current rents are below market, offering an opportunity to increase rates as leases expire. A TXDOT construction project to improve safety and traffic flow on HWY 79 between IH 35 and A.W. Grimes is scheduled to begin in 2023.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Round Rock
- County
- Williamson
- State
- Texas
- Longitude
- -97.6621
- Latitude
- 30.5182
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 29,461 SF office campus on 5.47 acres for sale.
Where is this office building located?
The property is located at 1514-1518 E Palm Valley Blvd Round Rock, TX.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: 100% leased, cash‑flowing property provides stable investment.; Significant upside potential through future redevelopment: add +/- 4,900 SF or 10,000 SF building.; Below‑market rents offer opportunity to increase revenue as leases expire.
