Listed by Mallach and Company, Mallach and Company Commercial Properties
$425,000
1000 Bonita Verde Drive
Details
Property Type Retail, Multifamily
Sub Type Commercial
Tenancy Vacant
Acreage 1.450
Zoning MF — Multi-Family (current); LO — Local Office / LC — Local Commercial (pre-approved rezone)
Investment Type Redevelopment
1000 Bonita Verde Dr, Leander, TX 78641
Marketing description
1.45-AC MF-zoned land in Leander, TX with City pre-approval to rezone LO/LC Commercial. Dual road access (Bonita Verde Dr & Old Bagdad Rd). Adjacent to Walgreens on Crystal Falls Pkwy. Prime development opportunity.
Located in the heart of one of the nation's fastest-growing cities, 1000 Bonita Verde Drive presents an exceptional 1.45-acre development opportunity in Leander, Texas. Situated directly behind the Walgreens on the highly trafficked Crystal Falls Parkway corridor, this property offers unparalleled access and visibility in a booming economic submarket.
Currently zoned Multi-Family (MF) with an approved 9-building site plan (Villa Bonita by Caledonia Builders), the property also holds a pre-approval from the City of Leander for rezoning to Local Office (LO) or Local Commercial (LC) — giving buyers rare dual-path flexibility to pursue either residential density or commercial/office development without starting the entitlement process from scratch.
The site features two dedicated access points: one from Bonita Verde Drive (50' R.O.W.) to the south and one from Old Bagdad Road to the north, providing exceptional ingress/egress for a wide range of uses. Public utility easements are already in place, and the property has been surveyed by Tri-Tech Surveying Co., L.P.
Legally described as Lot 6, Block 8, High Chaparral Subdivision (Cabinet B, Slide 77, Williamson County), the 1.45-acre parcel (±62,726 sq. ft.) sits within the Leander ISD boundary and benefits from the city's aggressive commercial growth trajectory along the Crystal Falls Pkwy corridor.
Adjacent development activity includes the $250M+ Crystal Village mixed-use development, The Square at Crystal Falls neighborhood retail center, and multiple residential and commercial projects underway within a one-mile radius. The Leander MetroRail Station (Capital Metro) is approximately 2 miles away, and Austin's city center is roughly 30 miles via US-183.
Leander's population has grown over 183% in the past decade, reaching approximately 92,871 residents with a median household income of $139,048 — among the highest in the greater Austin MSA. With over $1 billion in active development pipeline citywide, this corridor represents one of the most compelling land investment opportunities in Central Texas.
Whether your vision is multifamily residential, professional office, medical, retail, or mixed-use commercial, 1000 Bonita Verde Drive offers the entitlements, access, and location to make it happen.
The property is situated directly behind the Walgreens on Crystal Falls Parkway — one of Leander's primary commercial arteries. This location places the site at the intersection of established retail traffic and rapidly expanding residential density.
Investment highlights
- Approved 9-building multifamily site plan (Villa Bonita by Caledonia Builders)
- City of Leander pre-approval for LO/LC commercial rezoning
- Dual access: Bonita Verde Drive (south) & Old Bagdad Road (north)
- Adjacent to Walgreens on Crystal Falls Parkway
- Adjacent to $250M+ Crystal Village mixed-use development
- High Chaparral Subdivision — Lot 6, Block 8 — Cabinet B, Slide 77
- Williamson County, Texas — Leander ISD
- Leander population: 92,871 — Median HHI: $139,048
- $1B+ active development pipeline in Leander
- ~2 miles to Leander MetroRail Station (Capital Metro)
- ~30 miles to Austin City Center via US-183
Listing Contacts
Listed by Mallach and Company, Mallach and Company Commercial Properties
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Zoning
CH ResidentialSingle FamilyCottage Housing
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