Active Listing  ·  19 days on market

51 County Road 264 None

Leander, TX 78641
$3,250,000
4.28 acres L010D82C - Leander Williamson Abstracts le 20 Acre

Positioned on a PRIME CORNER along Ronald Reagan Blvd and County Rd 264 presents a rare opportunity for commercial buyers and investors looking to capitalize on growth in the surrounding area. It is located within the City of Leander’s “Activity Center” future land use designation, offering a defined pathway for entitlements supporting both commercial and residential development. With excellent visibility and accessibility, this corner lot offers ideal frontage for a wide range of potential uses, making it a strategic acquisition for both immediate development and long-term hold. The property benefits from public utilities available in the area, providing a significant advantage for future development and reducing upfront infrastructure costs. Its location supports strong traffic exposure while still offering flexibility for various commercial concepts, including retail, office, service-based businesses, or mixed-use potential (subject to zoning and approvals). Surrounded by ongoing development and expanding residential rooftops, this site is perfectly positioned to meet increasing demand in the market. Whether you're an investor seeking appreciation or a business owner looking for a high-visibility location, this corner lot offers the foundation for a valuable and scalable opportunity. Don’t miss your chance to secure a well-located commercial tract in a rapidly growing corridor.

Location

51 County Road 264 None, Leander, TX 78641

Property Details

Price $3,250,000
Status Active Listing
Beds ,
Full Baths ,
Half Baths ,
Living Area ,
Lot Size 4.28 acres (186,611.04 sqft)
Year Built ,
Garage ,
Stories ,
Type Land · Unimproved Land
Subdivision L010D82C - Leander Williamson Abstracts le 20 Acre
County Williamson
Zip Code 78641
$/sqft ,
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $25,635
Pool ,
Waterfront ,
New Construction ,
MLS # ACT242430000
List Date August 5, 2026
Elementary School Tarvin
Middle School Stiles
High School Rouse
School District ,

Luke Allen (TREC #788149) has deep knowledge of Leander and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$15,600/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$650,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$15,600
Principal + Interest−$17,737
Property Tax (~2.1% TX avg)−$5,688
Insurance (~0.5%)−$1,354
Est. Monthly Cash Flow $-9,179

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Leander, TX

Leander sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Apple Campus (Domain) 25 min SE
Dell Technologies HQ 20 min SE
Samsung Austin Semiconductor 30 min SE

More Luxury Homes in Leander

Loading…
View All Luxury Homes →
About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 5, 2026.

📞 (254) 718-2567 [email protected] More about Luke →