1161 San Gabriel Pkwy, Leander, TX 78641
This exceptional 1.808-acre commercial lot in Leander, Texas, presents a unique investment opportunity. Located at 1161 W San Gabriel Pkwy (actual address to be determined), this property boasts a prime location between Bagdad and Halsey Roads, on the north side of San Gabriel Parkway. Its strategic position is situated between the driveway to Tom Glenn High School and Halsey Drive, offering high visibility and accessibility. Neighboring properties include the Hope Alliance Family Justice Center and Arka Montessori School, indicating a thriving community. Zoned for local commercial use with full city plat approval, this lot is ready for immediate development. The seller is providing significant cost savings by including all necessary infrastructure: water, sewer, gas, electric, detention pond, curb cuts, and driveway. The flat, cleared lot (no trees, structures, or wells) is ideal for a variety of commercial uses, such as a small strip center, medical office, coffee shop, restaurant, nail salon, or deli. San Gabriel Parkway's direct arterial connection between Bagdad and Highways 183/183A ensures high traffic volume and excellent exposure. The asking price is $1,575,129, translating to $20 per square foot. This represents a remarkable opportunity to capitalize on Leander's rapid growth and secure a prime commercial location in one of Texas's fastest-growing areas. The seller is motivated and seeking a quick close. This property is perfect for developers seeking a streamlined and cost-effective development project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.