$595,000

Property Overview

This 301 Lewis Street property in Round Rock, TX represents a compelling investment opportunity anchored by rare MU-2 Mixed-Use zoning in a high-growth corridor. The nearly 18,800-square-foot lot provides substantial development potential, while the existing 1950s residential structure delivers immediate utility through owner-occupancy or rental income. The true value emerges from the site's redevelopment capacity: city-approved conceptual renderings envision a three-story mixed-use development blending residential, office, and retail spaces in a walkable, increasingly dense neighborhood.

Round Rock's explosive growth—fueled by Dell's headquarters presence, Premium Outlets, and top-rated schools—creates exceptional demand for mixed-use properties. This location sits within reach of major employment centers, transportation corridors, and retail dining options, positioning it perfectly for developers pursuing boutique projects, live-work concepts, or commercial redevelopment strategies. The MU-2 designation permits vertical density and diverse commercial applications, offering flexibility rarely available in the current Austin-Round Rock market.

Positioned at $595,000 on an 18-acre-plus footprint, the per-acre valuation reflects the property's development-grade potential rather than its existing structure alone. Prospective buyers and developers should verify zoning compliance, development standards, parking requirements, and intended use classifications with the City of Round Rock to optimize their project vision.

Agent Description

Property offers a rare opportunity to secure MU-2 Mixed-Use zoning, one of the city’s most flexible and desirable designations. The existing 1,184 SF residential structure provides immediate use or holding income, while the true value lies in the redevelopment potential. The property includes city-approved conceptual renderings for a three-story mixed-use development, offering the ability to combine residential, office, and/or retail uses in a walkable, high-growth corridor. MU-2 zoning allows for vertical density and a variety of commercial applications, making this an exceptional opportunity for developers or investors looking to capitalize on Round Rock’s continued expansion. Positioned near major employers, retail, dining, and transportation corridors, this site is ideal for a boutique mixed-use project, live/work concept, or future commercial redevelopment. Buyer to verify all zoning, development standards, parking requirements, and intended use with the City of Round Rock.

Neighborhood: Round Rock

This property is located in Round Rock, Austin, TX. The area is known for Dell HQ, Premium Outlets, Top Schools, Round Rock Express, Family-Friendly.

Property Details

Listing data last updated: May 19, 2026

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