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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. Centro Plaza is part of the Cedar Park community, approximately 30 minutes outside Downtown Austin. Cedar Park is famously home to the H-E-B Center and the Heritage Oak Tree and is considered one of the fastest-growing cities in the country. Centro Plaza benefits from frontage on Ronald Reagan Boulevard and proximity to US Route 183.
Unit Size | 1,042 - 2,037 SF | Typical Floor Size | 8,487 SF |
No. Units | 8 | Year Built | 2024 |
Total Building Size | 22,000 SF | Lot Size | 15.00 AC |
Property Type | Retail | Parking Ratio | 2.23/1,000 SF |
Building Class | C | Zoning | Mixed use development - Building 1 is for Retail, building 6 and 8 are office condos. |
Floors | 1 |
Unit Size | 1,042 - 2,037 SF |
No. Units | 8 |
Total Building Size | 22,000 SF |
Property Type | Retail |
Building Class | C |
Floors | 1 |
Typical Floor Size | 8,487 SF |
Year Built | 2024 |
Lot Size | 15.00 AC |
Parking Ratio | 2.23/1,000 SF |
Zoning | Mixed use development - Building 1 is for Retail, building 6 and 8 are office condos. |
Unit Size | 1,061 SF | Sale Type | Investment or Owner User |
Condo Use | Office |
Unit Size | 1,061 SF |
Condo Use | Office |
Sale Type | Investment or Owner User |
Unit Size | 1,171 SF | Sale Type | Investment or Owner User |
Condo Use | Office |
Unit Size | 1,171 SF |
Condo Use | Office |
Sale Type | Investment or Owner User |
Unit Size | 1,042 SF | Sale Type | Investment or Owner User |
Condo Use | Office |
Unit Size | 1,042 SF |
Condo Use | Office |
Sale Type | Investment or Owner User |
Unit Size | 1,042 SF | Sale Type | Investment or Owner User |
Condo Use | Office |
Unit Size | 1,042 SF |
Condo Use | Office |
Sale Type | Investment or Owner User |
Unit Size | 1,057 SF | Sale Type | Investment or Owner User |
Condo Use | Office |
Unit Size | 1,057 SF |
Condo Use | Office |
Sale Type | Investment or Owner User |
Unit Size | 1,057 SF | Sale Type | Investment or Owner User |
Condo Use | Office | Sale Conditions | Building in Shell Condition |
Unit Size | 1,057 SF |
Condo Use | Office |
Sale Type | Investment or Owner User |
Sale Conditions | Building in Shell Condition |
Unit Size | 1,059 SF | Sale Type | Investment or Owner User |
Condo Use | Office |
Unit Size | 1,059 SF |
Condo Use | Office |
Sale Type | Investment or Owner User |
Unit Size | 2,037 SF | Sale Type | Investment or Owner User |
Condo Use | Office |
Unit Size | 2,037 SF |
Condo Use | Office |
Sale Type | Investment or Owner User |
COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
---|---|---|---|---|
Co Rd 180 | Ronald W Reagan Blvd, NE | 1,419 | 2025 | 0.19 mi |
County Road 180 | - | 3,449 | 2023 | 0.19 mi |
Ronald W Reagan Blvd | Pvt Rd 919, S | 10,365 | 2025 | 0.37 mi |
Co Rd 272 | Cam Alemeda, E | 172 | 2025 | 0.51 mi |
Barnard Ln | Ronald W Reagan Blvd, S | 14,712 | 2025 | 0.54 mi |
Downing Ln | Co Rd 180, E | 245 | 2025 | 0.62 mi |
Downing Lane | - | 264 | 2023 | 0.63 mi |
E Old County Road 180 | Co Rd 180, W | 2,328 | 2025 | 0.85 mi |
Woodland Trl | Co Rd 180, S | 448 | 2025 | 0.97 mi |
Lakewood Trl | Co Rd 180, S | 390 | 2025 | 1.10 mi |
Home to some of Austin’s largest employers including, Dell, Houghton Mifflin, and Emerson Process Management, Round Rock is Austin’s premier suburb. Round Rock garners accolades for its abundant job opportunities, great public schools, and affordable housing. In fact, it’s been named the second best place to live in the U.S. by Money Magazine, one of the coolest suburbs in America by Apartment Therapy, and third “Best Performing City” by the Milken Institute. These factors are surely the reason that Williamson County, which is home to Round Rock was the fastest-growing county in America, among counties with more than 500,000 residents, in 2019.
Round Rock is squarely in Austin’s northern path of growth. The area is also at the epicenter of Austin’s housing construction boom. A number of relatively affordable master-planned communities have been developed in recent years in nearby Georgetown and Pflugerville, and roughly 3,000 new apartment units have been built in Round Rock since 2015.
As more tenants look to locate close to where their employees live, commercial real estate in Round Rock will likely benefit from this trend.