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Executive Summary

Position your business for success with this unique 0.75-acre commercial lot located in the growing lake community of Lago Vista. Zoned C-1 (and potentially rezone to R4), this property offers flexibility for a variety of commercial uses including office, retail, professional services, contractor operations, studio space, restaurant, and other neighborhood business concepts. As Lago Vista/Leander continues to experience significant residential and commercial growth, opportunities to secure commercially zoned land at this price point are becoming increasingly rare. While not located in a major retail corridor, that actually becomes an advantage as the property offers strong long-term potential for owner-users, investors, and small businesses seeking affordability, visibility, and a strategic foothold in an expanding market. Recent improvements to nearby Santa Rita Drive have enhanced accessibility, connectivity, and traffic flow throughout the area. Surrounded by growing neighborhoods and development, this property is well-positioned to benefit from the area’s ongoing growth and increasing demand for local services and commercial infrastructure. The approx. 0.755-acre lot features level topography and a unique triangular configuration that allows creative site planning, parking layouts, signage opportunities, and efficient building design. Utilities including water, sewer, electricity, and phone service are available at the street, helping future development potential. Whether you are looking to establish a business location, create an income-producing investment, or secure commercial land for future development, this property offers flexibility and long-term upside in one of the Hill Country’s growing communities. There may also be future rezoning potential to R4, subject to city approval, which could create possibilities for multifamily or short-term rental development. Buyer to independently verify zoning, utilities, development requirements, and intended use.

Property Facts

Price $117,602 CAD
Sale Type Investment
Sale Condition Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Mixed Use
  • Daycare Centre
  • General Freestanding
  • Religious Facility
  • Restaurant
  • Service Station
Total Lot Size 0.75 AC
Zoning C-1 - SEE USAGE CHART.

1 Lot Available

Lot

Price $117,602 CAD
Price Per AC $156,802.34 CAD
Lot Size 0.75 AC

Position your business for success with this unique 0.75-acre commercial lot located in the growing lake community of Lago Vista! Zoned C-1 (and potentially rezone to R4)

Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
  • Listing ID: 40481488

  • Date on Market: 2026-05-11

  • Last Updated:

  • Address: 21200 Highland Lk, Leander, TX 78645

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