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1514 Palm Valley Blvd Round Rock, TX 78664

For Sale
$7,500,000

Six-building office campus, 29,461 SF

Property size:
29,461 SF

Description

Added:
Dec 11, 2024
Days on Market:
366
Exceptional investment opportunity in Round Rock, Texas, presents a six-building office campus totaling 29,461 square feet on a 5.47-acre lot. Located at 1514/1516/1518 Palm Valley Blvd, this property boasts a scenic, open-space setting just off Highway 79, less than two miles from downtown Round Rock and minutes from The Kalahari Resort and Convention Center and Dell Diamond. Currently 100% leased, this cash-flowing asset offers significant upside potential. The largest tenant has over eight years remaining on their lease, with no other leases expiring until Q3 2022. Current rents are below market, providing an opportunity to increase revenue as leases renew. The property also presents redevelopment potential, with options to add approximately 4,900 square feet to an existing building or replace a building with a new 10,000 square foot structure. The asking price is $7,500,000, translating to $254.57 per square foot. A Texas Department of Transportation (TXDOT) project to improve Highway 79 is slated to begin in 2023, further enhancing the property's value and accessibility. This is a rare chance to acquire a stable, income-producing asset with substantial long-term growth prospects.

Property Features for 1514 Palm Valley Blvd

General Information

Property type
Specialty properties
Square Feet
29,461 SF
Lot Size
238,273 SF

Building Details

Buildings
6

HighLights

  • $7,500,000 asking price.
  • Special purpose campus property totaling 29,461 square feet.
  • Six buildings situated on a 5.47‑acre lot in Round Rock, TX.
  • $254.57 price per square foot.
  • 100% leased with significant upside potential due to below‑market rents and redevelopment opportunities.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Once Upon A StoryBook ... Photographer the Real Santa Claus ... Photographer

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Round Rock
County
Williamson
State
Texas
Longitude
-97.661804807093
Latitude
30.51843203004

FAQs

What type of property is this?
Specialty property - Six-building office campus, 29,461 SF
Where is this specialty property located?
The property is located at 1514 Palm Valley Blvd Round Rock, TX.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: $7,500,000 asking price.; Special purpose campus property totaling 29,461 square feet.; Six buildings situated on a 5.47-acre lot in Round Rock, TX.
More about this property
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