11320 Rnch Rd 2222 Austin, TX 78730-1003
- Office buildings
- 837 SF
- 1.02 lot acres
Current Use by Public Records
- Komal Latin Kitchen and Bar / Latin American Restaurant / Restaurant
Property Details for 11320 Rnch Rd 2222
- Year built
- 1960
- Lot size
- 1.02 lot acres
- Property size
- 837 SF
- Property type
- Office buildings
- APN
- 156300203
- APU
- 156300203
Description
This exceptional 1.02-acre commercial land parcel presents a compelling investment opportunity in Austin, Texas. Located at 11320 Ranch Road 2222, this fee-simple property boasts a GR-CO zoning designation and offers approximately 200 feet of frontage on a high-traffic corridor (Ranch Road 2222, with 27,152 vehicles per day, and RR 620, with 34,952 vehicles per day). The site includes 40 existing parking spaces and the potential for monument signage. Its strategic location near affluent neighborhoods like River Place, Steiner Ranch, and Jester Point, coupled with proximity to major retail anchors (including a Target and H-E-B), a corporate mega campus, schools, and a university, ensures high visibility and strong potential for development. The area demonstrates exceptional demographics, with a projected 13.8% population increase within the next five years and an average household income of $184,151 within a three-mile radius. This site is ideal for developers seeking to capitalize on Austin's robust market, potentially commanding rents exceeding $33.00 per square foot. Alternatively, owner-users can secure a prominent location for their business. The asking price is $1,600,000, and seller financing may be available under agreeable terms. Existing structures on the site may require demolition to meet current city impervious cover requirements.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.8519
- Latitude
- 30.4021
- CBSA code
- 12420
- CBSA name
- AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
