Listed by Cook Commercial Real Estate
$4,942,448
16740 Ronald W. Reagan Blvd
Details
Property Type Land, Retail
Sub Type Medical Office
Square Footage 52,400
Tenancy Vacant
Buildings 4
Acreage 5.403
Investment Type Redevelopment
Land | 5.403 acres
Marketing description
City of Leander, approximately 20 miles from Downtown Austin and widely recognized as one of the fastest-growing markets in the U.S. largely due to strong employment expansion, top-rated schools, and access to major transportation corridors.
Total Site Area of +/- 5.403 acres with fully approved site plan, and a building permit for two of the buildings.
Planned Development of 4 buildings totaling 52,400 square feet (approximately 30,000sf retail and 22,400sf office), ideal for retail, medical, or professional office users.
Utilities Available - all in close proximity.
Investment highlights
- Direct frontage on Ronald Reagan Blvd, providing exceptional visibility with strong and growing traffic counts (currently exceeding 52,000 vehicles per day)
- The Ronald Reagan Blvd corridor is evolving into a primary retail spine for northwest Austin suburbs, with national and regional retailers already establishing a presence nearby, including major anchors, quick-service restaurants, and daily-needs retail
- Ideally positioned within the Sarita Valley growth corridor and surrounding master-planned communities, placing it directly in the path of residential and commercial expansion
- Immediate access to a rapidly densifying suburban population migrating from Austin in search of affordability and quality of life
- Population Growth: Projected increases of approximately 27-29% within a 3- to 5-mile radius over the next five years
- Population Base: Over 150,000-200,000 residents within a 5-mile radius and expanding rapidly
- Household Growth: Nearly 28% projected growth, reflecting sustained residential development
- Median Household Income: $120,000-$144,000+, indicating strong consumer purchasing power
- Average Household Income: Exceeds $160,000 in surrounding areas, reinforcing high-end spending capacity
Listing Contacts
Listed by Cook Commercial Real Estate
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