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203 W New Hope Dr 1,600 SF Office Building Cedar Park, TX 78613 $1,135,680 CAD ($709.80 CAD/SF)
Investment Highlights
- Located at a highly visible, high-traffic intersection with direct access to Bell Boulevard (US 183).
- Designated within an Enterprise Zone and New Market Tax Credit area, offering potential tax incentives.
- Flexible redevelopment potential for restaurant, boutique retail, neighborhood services, or modern office/flex space.
- Consists of three contiguous parcels totaling approximately 0.75 acres in a dynamic growth corridor.
- Surrounded by expanding retail, service-oriented businesses, and mixed-use developments that drive consistent consumer traffic.
- Supported by Cedar Park’s Future Land Use Plan with city preference for neighborhood-serving commercial development.
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:
• 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 6,500 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:
• 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 6,500 people per day.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,600 SF
Building Class
C
Year Built
2008
Price
$1,135,680 CAD
Price Per SF
$709.80 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,600 SF
Building FAR
0.07
Lot Size
0.50 AC
Zoning
NB - Neighborhood Business
Parking
50 Spaces (31.25 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R034361 | Improvements Assessment | $323,243 CAD |
| Land Assessment | $195,788 CAD | Total Assessment | $519,031 CAD |
Property Taxes
Parcel Number
R034361
Land Assessment
$195,788 CAD
Improvements Assessment
$323,243 CAD
Total Assessment
$519,031 CAD
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203 W New Hope Dr
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