Property profile

1101 183 Hwy Leander, TX 78641

OFF-MARKET
Office Spaces
1 SF 1.06 ac lot Built 2016
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Property summary

AI-generated overview

This exceptional 1.06-acre commercial property in Leander, Texas, presents a remarkable investment opportunity. Located at 1101 S. U.S. Highway 183, this strategically positioned lot boasts high visibility due to its second-row location directly behind WoksIt2U and between Discount Tire and Brake Check. Currently undergoing subdivision, this property is zoned General Commercial 3, offering a multitude of development possibilities for discerning investors. The expansive 1.06-acre parcel provides ample space for a variety of commercial ventures, capitalizing on the high traffic count and prominent location along a major thoroughfare. The asking price of $550,000 represents exceptional value for a property of this caliber in a rapidly growing area. The property's proximity to established businesses ensures immediate access to a robust customer base, while the General Commercial 3 zoning allows for a wide range of potential uses. This is a rare chance to acquire a highly visible and versatile commercial property in a prime Leander location. Don't miss this opportunity to secure a piece of Leander's thriving commercial landscape. The property's size and location make it ideal for a variety of commercial developments, offering significant potential for future growth and return on investment. The current subdivision process ensures a streamlined path to development.

Property profile

Verified
Property type Office Spaces
Year built 2016
Total area 1 SF
Lot 1.06 ac (46,174 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1101 183 Hwy Leander, TX 78641
Leander metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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