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14300 Ronald Reagan Blvd - Building 6

1,042 - 2,037 SF Office Condo Units in Cedar Park, TX 78641

Virtual Tour

Investment Highlights

  • Brand-new development project along US Route 183, a highly trafficked road outside of Austin with traffic counts exceeding 23,000 vehicles daily.
  • Several suites are available for purchase in buildings 8 and 9 ranging in size from 1,042 square feet up to 2,047 square feet.
  • Cedar Park is seeing rapid growth with high household incomes and total average spending exceeding $8.3 billion in a 10-mile radius.
  • Broad zoning allows for many different businesses to thrive at this location, ranging from retail to office to restaurant, to medical or servicers.
  • Tons of nearby shopping draws attention to the area with local shops and major retailers, including Walmart Supercenter, Target, and more.

Executive Summary

Centro Plaza is revitalizing the retail landscape of Cedar Park, Texas. The 15-acre mixed-use development is in Leander at the mouth of Caballo Ranch. The project is set to include four retail buildings totaling over 33,000 square feet with additional flex space. Zoning is broad, allowing tenants to create an on-site dynamic and synergistic mix. The zoning allows for retail, restaurant, medical, and service use. The land benefits from 750 feet of frontage on Ronald Reagan Boulevard, a major arterial road between Cedar Park and Liberty Hill that is highly trafficked, seeing upward of 23,000 vehicles daily. There is an opportunity for monument signage on Ronald Reagan Boulevard, allowing businesses to make their stake in this main thoroughfare. Cedar Park benefits from its proximity to Austin and its labor market, which continues to show a healthy growth rate. The region's business-friendly environment, lack of state corporate or income taxes, higher quality of life, and deep talent pool appeal to businesses considering moving to Austin. That talent is sourced in-house from the University of Texas at Austin. The world-class institution regularly ranks as one of the best schools in the world for STEM (science, technology, engineering, and math) graduates. Job growth and company relocations continue to drive population growth ahead of any other primary market in the country. Since 2010, Austin's population has outperformed the second-fastest-growing market, Raleigh, by more than 7.5%, growing by 33% between 2010 and 2020. Centro Plaza is part of the Cedar Park community, approximately 30 minutes outside Downtown Austin. Cedar Park is famously home to the H-E-B Center and the Heritage Oak Tree and is considered one of the fastest-growing cities in the country. Centro Plaza benefits from frontage on Ronald Reagan Boulevard and proximity to US Route 183.

Property Facts

Unit Size 1,042 - 2,037 SF
No. Units 7
Total Building Size 22,000 SF
Property Type Retail
Property Subtype Storefront Retail/Office
Building Class C
Floors 1
Typical Floor Size 8,424 SF
Year Built 2024
Lot Size 15.00 AC
Parking Ratio 2.23/1,000 SF

7 Units Available

Unit 603

Unit Size 1,061 SF
Condo Use Office
Sale Type Investment or Owner User

Unit 619

Unit Size 2,037 SF
Condo Use Office
Sale Type Investment or Owner User

Unit 609

Unit Size 1,171 SF
Condo Use Office
Sale Type Investment or Owner User

Unit 613

Unit Size 1,042 SF
Condo Use Office
Sale Type Investment or Owner User

Unit 615

Unit Size 1,057 SF
Condo Use Office
Sale Type Investment or Owner User

Unit 614

Unit Size 1,042 SF
Condo Use Office
Sale Type Investment or Owner User

Unit 618

Unit Size 1,059 SF
Condo Use Office
Sale Type Investment or Owner User

About Round Rock

Home to some of Austin’s largest employers including, Dell, Houghton Mifflin, and Emerson Process Management, Round Rock is Austin’s premier suburb. Round Rock garners accolades for its abundant job opportunities, great public schools, and affordable housing. In fact, it’s been named the second best place to live in the U.S. by Money Magazine, one of the coolest suburbs in America by Apartment Therapy, and third “Best Performing City” by the Milken Institute. These factors are surely the reason that Williamson County, which is home to Round Rock was the fastest-growing county in America, among counties with more than 500,000 residents, in 2019.

Round Rock is squarely in Austin’s northern path of growth. The area is also at the epicenter of Austin’s housing construction boom. A number of relatively affordable master-planned communities have been developed in recent years in nearby Georgetown and Pflugerville, and roughly 3,000 new apartment units have been built in Round Rock since 2015.

As more tenants look to locate close to where their employees live, commercial real estate in Round Rock will likely benefit from this trend.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
3,657
65,046
201,491
322,848
2029 Population
4,629
82,242
255,183
404,032
2024-2029 Projected Population Growth
26.6%
26.4%
26.7%
25.1%
Median Age
37.7
37.3
37.6
37.9
College Degree + Higher
55%
53%
50%
34%
Daytime Employees
557
17,838
41,264
85,690
Total Businesses
105
2,617
6,220
12,865
Average Household Income
$151,359
$144,782
$139,547
$134,121
Median Household Income
$131,291
$122,843
$117,098
$111,767
Total Consumer Spending
$53M
$920.2M
$2.8B
$4.6B
2024 Households
1,211
22,264
69,764
116,557
Average Home Value
$529,810
$465,803
$480,074
$477,192

Amenities

  • 24 Hour Access
  • Signage
  • Signalized Intersection

zoning

Zoning Code Mixed use development (Building 1 is for Retail, building 6 and 8 are office condos.)
Mixed use development (Building 1 is for Retail, building 6 and 8 are office condos.)

Sale Advisor

Sale Advisor

(512) 761-8025
Contact
Mallik Gilakattula, Owner
(512) 761-8025
Contact
Mallik is the owner of The Prime Developer.
  • Listing ID: 29761611

  • Date on Market: 8/16/2024

  • Last Updated:

  • Address: 14300 Ronald Reagan Blvd, Cedar Park, TX 78641

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