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    216 Main St Leander, TX 78641

    For Sale
    Contact for pricing

    20-Acre Tract, 244 Units Approved

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 20.4-acre site in Leander, Texas (APN R510026), presents a unique opportunity for multifamily development. Located at 216 Main St, 78641, this property boasts preliminary approval for a 244-unit project encompassing 188 townhomes and 52 condominiums. The site benefits from existing utilities, simplifying the development process and minimizing upfront costs. Zoned T5 and T4, this land is ideally situated at a high-traffic intersection of Main Street and Ranch Rd 2243, surrounded by established commercial entities including HEB, St. David's Medical Center, and Austin Community College (San Gabriel Campus). The property's proximity to the anticipated Northline Project, a large mixed-use development, further enhances its investment potential. This prime location offers future residents convenient access to shopping, healthcare, and education within a thriving community experiencing strong housing demand. Prospective buyers are encouraged to conduct their own due diligence. This is a rare chance to build a high-quality residential community in a highly sought-after area of Leander, promising strong market appeal and long-term value. The property is classified as Land, Mixed Use, and Multifamily.

    Property Features for 216 Main St

    General Information

    Property type
    Multifamily properties
    Lot Size
    888,624 SF

    HighLights

    • 20.4‑acre multifamily development site in Leander, TX (APN R510026) with preliminary approval for a 244‑unit project.
    • Existing utilities on‑site.
    • T5 and T4 zoning.
    • High‑traffic location at Main St. and Ranch Rd 2243, near HEB, St. David's Medical Center, and ACC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leander
    County
    Williamson
    State
    Texas
    Longitude
    -97.8486628
    Latitude
    30.5818539

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    FAQs

    What type of property is this?
    Multifamily property - 20-Acre Tract, 244 Units Approved
    Where is this multifamily property located?
    The property is located at 216 Main St Leander, TX.
    What are key features of this property?
    This property features: 20.4-acre multifamily development site in Leander, TX (APN R510026) with preliminary approval for a 244-unit project.; Existing utilities on-site.; T5 and T4 zoning.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    216 Main St Leander, TX 78641
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