Hwy 71 & Reimers Peacock Rd Spicewood, TX 78669
Prime 15+ Acre Commercial Corner – Hwy 71 & Reimers Peacock Rd Spicewood, TX | Lake Travis Growth Co
Marketing description
A rare opportunity to control a high-visibility commercial corner in one of the fastest-growing segments of the Lake Travis / Spicewood corridor. This 15+ acre tract at Hwy 71 & Reimers Peacock Road is strategically positioned to benefit from major infrastructure expansion and institutional growth catalysts already underway.
Strategic Location Advantage
- Direct frontage on State Highway 71 – the primary arterial connecting Bee Cave, Lakeway, Spicewood, and Marble Falls
- Corner access to Reimers Peacock Rd – currently undergoing expansion to support future traffic volumes
- Located within the Lake Travis ISD growth path, with a planned high school and sports complex nearby, expected to significantly increase daily traffic and commercial demand
- Surrounded by a mix of estate residential, acreage developments, and expanding master-planned communities
Growth Catalysts Driving Demand
- Reimers Peacock Road expansion (planned 4-lane) – transforming this intersection into a key feeder corridor
- Lake Travis ISD expansion (High School + Athletic Facilities) – strong driver of:
- Morning coffee traffic
- After-school dining
- Weekend sports/event-driven retail demand
- Continued westward migration of high-income Austin population into Spicewood and Lake Travis area
Development Flexibility & Concept Potential
A preliminary concept plan (for feasibility and county discussions) illustrates a highly efficient commercial layout, including:
- Frontage Retail / Pad Sites ideal for:
- Drive-thru coffee (Starbucks, Dutch Bros, 7 Brew)
- High-volume QSR (Chick-fil-A, Whataburger, McDonald’s)
- Sit-down or fast-casual dining
- Rear Flex / Service Commercial (approx. 21,000 SF buildings) suitable for:
- Medical, office, boutique fitness
- Contractor services / local business support
- Storage / flex industrial
- Retail frontage buildings in the 7,800 – 9,300 SF range, positioned for maximum visibility and access along Hwy 71
Investment highlights
Highlights:
- Early entry into a transforming commercial node before full infrastructure completion
- Corner positioning = maximum visibility + access
- Multiple exit strategies:
- Pad site sales
- Ground lease to national tenants
- Full-site neighborhood retail development
- Underserved trade area with limited immediate retail competition
- Ability to capture all-day demand cycles:
- Morning commute (coffee/QSR)
- Daytime service retail
- Evening & weekend dining (school + residential traffic)
Ideal Development Strategy
- Phase 1: Pad development along Hwy 71 (coffee + flagship QSR)
- Phase 2: Flex/service commercial in rear for stabilized income
- Phase 3: Optional additional pad carve-outs as traffic matures
Investment Positioning
This property offers a timing-driven upside play, where value will be significantly enhanced by:
- Completion of road expansion infrastructure
- Opening of LTISD high school & sports complex
- Continued population growth along the Hwy 71 corridor
Developers who secure this site today are effectively front-running the next retail node in Spicewood.
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