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Property Detail

Ronald Reagan Boulevard
Brand-new development project along US Route 183, a highly trafficked road outside of Austin .

$Unpriced

Description

  • Brand-new development project along US Route 183, a highly trafficked road outside of Austin with traffic counts exceeding 23,000 vehicles daily.
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  • Several suites are available for purchase in buildings 8 and 9 ranging in size from 1,042 square feet up to 2,047 square feet.
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  • Cedar Park is seeing rapid growth with high household incomes and total average spending exceeding $8.3 billion in a 10-mile radius.
  • Broad zoning allows for many different businesses to thrive at this location, ranging from retail to office to restaurant, to medical or servicers.
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  • Tons of nearby shopping draws attention to the area with local shops and major retailers, including Walmart Supercenter, Target, and more.

Executive Summary

Centro Plaza is revitalizing the retail landscape of Cedar Park, Texas. The 15-acre mixed-use development is in Leander at the mouth of Caballo Ranch. The project is set to include four retail buildings totaling over 33,000 square feet with additional flex space. Zoning is broad, allowing tenants to create an on-site dynamic and synergistic mix. The zoning allows for retail, restaurant, medical, and service use. The land benefits from 750 feet of frontage on Ronald Reagan Boulevard, a major arterial road between Cedar Park and Liberty Hill that is highly trafficked, seeing upward of 23,000 vehicles daily. There is an opportunity for monument signage on Ronald Reagan Boulevard, allowing businesses to make their stake in this main thoroughfare. Cedar Park benefits from its proximity to Austin and its labor market, which continues to show a healthy growth rate. The region's business-friendly environment, lack of state corporate or income taxes, higher quality of life, and deep talent pool appeal to businesses considering moving to Austin. That talent is sourced in-house from the University of Texas at Austin. The world-class institution regularly ranks as one of the best schools in the world for STEM (science, technology, engineering, and math) graduates. Job growth and company relocations continue to drive population growth ahead of any other primary market in the country. Since 2010, Austin's population has outperformed the second-fastest-growing market, Raleigh, by more than 7.5%, growing by 33% between 2010 and 2020.

14300 Ronald Reagan Blvd

Listing ID : 00666

SKU: 666

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