$500,000

Property Overview

This substantial corner lot in the heart of downtown Round Rock presents a rare redevelopment opportunity with exceptional location and flexibility. Sitting on over 12,600 square feet at the intersection of East Austin Avenue and North Georgetown Street, the property commands dual street frontage and visibility—a significant advantage for future development. Recently rezoned to Mixed-Use Limited, the site opens possibilities for residential, retail, office, or live/work configurations, with potential for multiple structures and up to 60% building coverage under current standards. The existing 2-bedroom home and detached garage provide immediate value, though the property's true appeal lies in its land and strategic positioning within Round Rock's dynamic downtown corridor.

Located near Dell's headquarters, Premium Outlets, and top-rated schools, this Round Rock parcel benefits from strong area demand and development momentum. The absence of historic overlay restrictions and expired subdivision covenants further enhance flexibility for future use. At $342 per square foot, the pricing reflects land value and redevelopment potential rather than the existing structures, positioning this as a meaningful opportunity for investors, developers, or visionary homeowners in an increasingly coveted Austin TX market.

Vox Real Estate Insight

The Mixed-Use Limited zoning combined with dual street frontage makes this one of the most adaptable downtown Round Rock parcels we've seen recently—most properties in this area lack the configuration flexibility this corner lot provides. From Vox Real Estate's perspective, the window for acquiring land in downtown Round Rock at this price point with this zoning potential won't stay open long as the market continues evolving.

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 $342/sqft, this listing is priced 60% above the Round Rock median of $214/sqft.

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