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Two-Parcel Mixed-Use Development Site
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500 Horseshoe Dr/408 S West Dr, Leander, TX 78641

Two adjacent land parcels totaling 5.1 acres, zoned for commercial and residential use.

Property SizeContact for details
Lot Size5.10 Acres
Days on Market124

Property Features for 500 Horseshoe Dr/408 S West Dr

General Information

Standard status Active
Lot size 5.10 Acres
Property subtype Land

Site & Location

Highway Access Yes
Road Access Yes
Listing Agency: Asterra Properties
Listed By: Matt Fouchek · License #612986
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Apr 11 at 2:39PM

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 Asterra Properties

Investment Insights

Based on property information with market context.

Two-parcel development site consisting of 500 Horseshoe Drive and 408 S West Drive, combining for a total of 5.1 acres. The parcels are zoned for both commercial and residential use and can be sold separately or together. A small creek cuts across a portion of 408 S West Drive to frontage on S West Drive and Horseshoe Drive.

The property sits just north of the Mason Creek Trail and the Magnolia Creek neighborhood, approximately 0.3 miles west of Hwy 183. Nearby points of reference include a post office, Leander Police Station, Fire Station #3, and Biff Johnson Fire Administration about 0.3 miles to the east; Leander Middle School about 0.4 miles to the north; and HEB Plus about 1.5 miles to the north. Gateway Shopping Center, Lowe’s, and Chick-fil-A are about 1.2 miles south.

The 408 S West Drive parcel is 2.17 acres and is located near the corner of S West Drive and Sonny Dr. The 500 Horseshoe Drive parcel is 2.93 acres, located at the back of 408 S West Drive and wrapping around to Horseshoe Drive.

Key Highlights

  • Two adjacent land parcels at 500 Horseshoe Dr and 408 S West Dr totaling 5.1 AC in Leander, TX
  • Zoned for both commercial and residential use
  • Highest and best use identified for commercial or multifamily development

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Furniture & Home Goods Hotel & Motel Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

416
Businesses Nearby

Demographics for 78641, TX

83,426
Population
33,118
Households
2.5
Avg Household Size
36
Median Age
51%
College-Educated
95%
High-School Grad
124.4 sq mi
ZIP Area
671
Density / Sq Mi
$131,421
Median Household Income
$61,185
Median Earnings
$1,873
Median Rent
$453,100
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Two adjacent land parcels totaling 5.1 acres, zoned for commercial and residential use.
Where is this commercial land located?
The property is located at 500 Horseshoe Dr/408 S West Dr Leander, TX.
What are key features of this property?
This property features: Two adjacent land parcels at 500 Horseshoe Dr and 408 S West Dr totaling 5.1 AC in Leander, TX; Zoned for both commercial and residential use; Highest and best use identified for commercial or multifamily development
More about this property
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