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203 Sumac Ln 1,600 SF Office Building Cedar Park, TX 78613 $850,000 ($531.25/SF)
EXECUTIVE SUMMARY
An exceptional commercial opportunity in the heart of Cedar Park’s rapidly expanding growth corridor. 203 W New Hope Dr consists of three adjacent lots totaling ~3/4 acre, currently occupied by New Hope Realty Group. The property sits at a high-traffic intersection with excellent visibility and immediate access to Bell Blvd (US 183), surrounded by mixed-use, retail, and service developments.
This opportunity has redevelopment potential. The City of Cedar Park has indicated a strong preference for commercial development that serves local residents and families. The parcel’s size and location make it ideal for:
• Drive-thru coffee or restaurant
• Boutique retail or neighborhood services
• Redevelopment into modern office/flex space
Rezoning to Neighborhood Business or Business District is consistent with the city’s Future Land Use Plan. Conversations with city officials have already begun. A convenience store is already adjacent with more than 6500 people per day.
This opportunity has redevelopment potential. The City of Cedar Park has indicated a strong preference for commercial development that serves local residents and families. The parcel’s size and location make it ideal for:
• Drive-thru coffee or restaurant
• Boutique retail or neighborhood services
• Redevelopment into modern office/flex space
Rezoning to Neighborhood Business or Business District is consistent with the city’s Future Land Use Plan. Conversations with city officials have already begun. A convenience store is already adjacent with more than 6500 people per day.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,600 SF
Building Class
C
Year Built
2008
Price
$850,000
Price Per SF
$531.25
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,600 SF
Building FAR
0.05
Lot Size
0.70 AC
Zoning
F1 - F1 - Real Commercial
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | R034361 | Improvements Assessment | $227,700 |
| Land Assessment | $137,918 | Total Assessment | $365,618 |
PROPERTY TAXES
Parcel Number
R034361
Land Assessment
$137,918
Improvements Assessment
$227,700
Total Assessment
$365,618
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203 Sumac Ln
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