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Old Town: 208 & 218 N Gabriel St/.345 AC

2 Properties Offered at $525,000 in Leander, TX

Investment Highlights

  • Prime Location in established neighborhood where development, growth and re-development occurring
  • Walking distance to town center, ACC, just one block off of 183 and very close to the Metro Rail terminal
  • Zoned GC-3C has the option to be under smart code T4 zoning
  • The Three Lots facing East St. East St, planning in the works for development from South St all the way to North of Hero Way.

Executive Summary

LOCATION! LOCATION! Great investment opportunity! Prime location in the Old Town district and in the heart of Leander, just one block off of 183. Two parcels are included in the price. 1,229 square feet of gross building area on 15,007 square feet or 0.345 acres of non-contiguous land can be yours. The front and back properties are divided by a 20' unimproved alley. Survey is attached. The back property lots are mostly cleared and ready for development. Currently zoned GC-3C. These two properties also have the option to be under the smart code T4 zoning. Please contact the City of Leander (www.leandertx.gov) to explore opportunities for re-development. There is a charming 100+ year old farmhouse that has been well maintained with metal roofing, shiplap walls, and wood flooring; 4 living areas, storage, one bathroom, kitchen, and fireplace. The building is currently operating as a photography studio. Potential to be many different types of businesses. Plenty of parking space. Land to building ratio is 12:21 to 1. The properties are primely located in an established neighborhood with new development and redevelopment occurring. Lots of shops, restaurants, offices including industrial surrounds the area. East St will eventually connect to South St and continue to North of Hero Way. Walking distance to ACC campus, just blocks away from the Metro Rail terminal, City Hall, HEB, the new downtown square district also known as Northline, brew pubs and more. Great investment opportunity. Appointment Only.

Data Room Click Here to Access

Property Facts

Price $525,000
Price / SF $427.18 / SF
Sale Conditions Bulk/Portfolio Sale
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 1,229 SF
Total Land Area 0.35 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
208 N Gabriel St, Leander, TX 78641 Retail 1,229 SF 1910 -
218 N Gabriel St, Leander, TX 78641 Land 0.21 AC - -
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  • Listing ID: 32159069

  • Date on Market: 6/17/2024

  • Last Updated:

  • Address: Old Town: 208 & 218 N Gabriel St/.345 AC, Leander, TX

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