$400,000

Property Overview

This corner lot on E Austin Ave in downtown Round Rock presents a compelling redevelopment opportunity in one of Central Texas's most dynamic communities. The .29-acre property commands frontage on both E Austin Ave and N Georgetown Street, providing dual street presence and two points of access—a rare advantage for mixed-use development. Recently rezoned from SF-2 to MU-L (Mixed-Use Limited), the site now permits diverse uses including residential, retail, office, and live/work spaces, with potential for up to three detached principal buildings and 60% building coverage. The existing 2-bedroom, 1-bath home and detached two-bay garage serve as the foundation, though the property's true value lies in its location and future potential as Round Rock's downtown continues to evolve.

Positioned in Starkfield near premium schools and just minutes from Dell HQ, Premium Outlets, and Round Rock's entertainment district, this parcel captures the energy of a rapidly revitalizing core. The lot's level terrain, moderate tree coverage, and freedom from historic overlay restrictions provide flexibility for creative redevelopment. Investors and developers should note the expired private subdivision restrictions, offering unencumbered design possibilities subject to City review and approval.

Vox Real Estate Insight

This property represents exactly the type of strategic land play our clients at Vox Real Estate are identifying throughout Round Rock's downtown renaissance—the bones are here, but the real story is zoning, location, and what savvy developers can build next. At $274 per square foot, you're paying a premium, but that's because the MU-L zoning and dual street frontage command serious redevelopment value in an area experiencing genuine transformation.

Agent Description

Come check out this prime downtown Round Rock redevelopment opportunity — an oversized .29-acre CORNER lot of approximately 12,634 square feet with frontage on both E Austin Ave and N Georgetown Street, offering two points of access and street presence on two sides. The existing 2-bedroom, 1-bath residence requires substantial renovation, plus a detached two-bay garage; the property is being marketed primarily for its land, location, and future potential. Recently rezoned from SF-2 to MU-L, Mixed-Use Limited, which may support downtown residential, clustered detached housing, offices, retail, live/work, or other permitted uses, subject to City review and approval. Current MU-L standards may allow up to three detached principal buildings and up to 60% building coverage, subject to site-specific requirements. The parcel lies outside the Historic Overlay, and the original private subdivision restrictions expired decades ago — recorded documents available. Located approximately one-half mile from the heart of Downtown Round Rock, including Main Street, Prete Plaza, the Round Rock Public Library, restaurants, shopping, and community events, roughly a 3-minute drive or 10-to-12-minute walk. Convenient access to IH-35 and US-79. Buyer to independently verify zoning, permitted uses, density, setbacks, utilities, easements, and all development requirements with the City of Round Rock. This is where location, lot size, and corner positioning come together to create a rare downtown investment opportunity. Don't miss it!

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.

At $274/sqft, this listing is priced 29% above the Round Rock median of $212/sqft.

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