— bed, — bath on 1.52 acres in Austin. Austin, TX 78750. $3,900,000.
About This Home
Rare opportunity to acquire a fully built-out 2nd generation restaurant positioned along the high-traffic RM 620 corridor at the signalized intersection of RM 620 & Anderson Mill Rd. The property features approximately 6,120 SF on 1.525 acres with exceptional parking, strong frontage, and exposure to approximately 45,000 vehicles per day.
Originally constructed for restaurant use, the property includes a fully equipped commercial kitchen, existing FF&E, multiple HVAC units, patio dining areas, and established operational infrastructure allowing for immediate occupancy and significantly reduced startup costs for restaurant operators, franchise groups, or owner-users.
The site presents a compelling opportunity for both owner-users seeking a turnkey restaurant location and investors targeting lease-up, repositioning, or long-term redevelopment potential within one of Northwest Austin’s strongest growth corridors. Adjacent to Wendy’s and Spicy House Restaurant with convenient access to Cedar Park, Leander, and Northwest Austin trade areas.
Financial figures are based on historical operations and market assumptions and are provided for illustrative purposes only. Property is currently vacant. Buyer to independently verify all financial information, zoning, intended use, and future development potential.
Property is located within the RM 620 corridor expansion study area. Buyer to independently verify all future roadway plans, timelines, and potential impacts.
This 6,120 square foot commercial property at 11620 N FM 620 in Austin represents one of the most strategically positioned restaurant sites along Northwest Austin's highest-traffic corridor, with approximately 45,000 vehicles passing daily at the signalized intersection of FM 620 and Anderson Mill Road. The 1.525 acre lot in Austin provides rare opportunity in a market where ground-level retail with parking and visibility commands premium value.
Built in 2002 as a second-generation restaurant, the structure combines masonry, stone, and stucco construction across a single story, designed specifically for food service operations. The building retains full commercial kitchen infrastructure, HVAC systems, and established utility systems that eliminate months of construction timelines for incoming operators. Tile and vinyl flooring throughout maintains durability required for high-volume service environments. The footprint includes dedicated patio dining areas with outdoor seating capacity, a critical amenity in Austin's year-round weather environment.
What distinguishes this property is turnkey operational readiness. Rather than a vacant shell requiring buildout, the site includes existing equipment, FF&E, and systems calibrated for immediate restaurant service. This infrastructure translates directly to capital preservation for franchisees, owner-operators, or multi-unit restaurant groups seeking to launch without six-month construction delays or $500K+ buildout costs. The parking ratio exceeds standard commercial requirements, addressing Austin's chronic parking constraints in retail corridors.
The location anchors a growth corridor between Cedar Park and Leander, with established neighbors including Wendy's and Spicy House Restaurant. FM 620 serves as primary access between Dell Technologies' Round Rock campus and Austin's northwest employment centers, creating consistent traffic flow beyond typical meal-period peaks. The property sits within the FM 620 corridor expansion study area, indicating potential future infrastructure improvements that could enhance long-term asset value.
For investors, the site supports multiple strategies: immediate lease-up to established operators, repositioning under alternative restaurant concepts, or long-term redevelopment within one of Texas's fastest-growing regions. The Williamson County location provides favorable tax treatment compared to Austin proper, while proximity to both corporate parks and residential growth in Northwest Austin creates sustained demand for food service.
This represents institutional-quality commercial real estate where location, existing infrastructure, and operational readiness converge. The $4.35 million acquisition price reflects a fully functional asset in a market where comparable ground-level retail with this traffic count and parking rarely become available.
The numbers behind this insight
- Offered at
- $3,900,000
- Listed
- May 6, 2026
- Price changes
- Reduced, down 10.3% from $4,350,000
Keenan Luxury Market Index: $3M-$5M single-family homes across the Austin area sold at a median $732 per sq ft over the trailing 12 months (178 sales), as of November 4, 2026.
- Property Type
- Commercial Sale
- Year Built
- 2002
- Lot Size
- 1.52 acres
Listing information last updated September 11, 2026.
Listed by Mallach and Company
MLS# 2147876 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Tile
- Vinyl
- Heating
- Central
- Cooling
- Central Air,Electric,Multi Units
Exterior & Lot
- Masonry – Partial
- Stone
- Stucco
- Slab
- Lot Size
- 1.52 Acres
- Stories
- 1
- Outside
- Parking Lot
Financial
- Original List Price
- $4,350,000
Utilities
- Electricity Connected
- Natural Gas Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 11620 N FM 620, whoever represented it.
- ActiveListed 2026Current price: $3,900,000Original list: $4,350,000MLS 2147876
- Listed · May 6, 2026$4,350,000
- Price changed · September 12, 2026$3,900,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Explore this area
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $3,900,000
- Original list
- $4,350,000
- Price movement
- $450K reduction
- Listed / DOM
- May 6, 2026 · 182 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $3,387,115
- Assessment Year
- 2025
- Year Built
- 2003
- Parcel ID
- R-17-W323-350A-0003-A009
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026-23.9% | — | $2,576,439 | $1,163,172 | $1,413,267 |
2025 | — | $3,387,115 | $2,102,478 | $1,284,637 |
District Schools Nearby
McNeil High School
Rrisd Early College High School
Westwood High School
Cedar Ridge High School
Stony Point High School
Round Rock High School
District context schools are shown because address-level assigned school fields are not available for this property. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
Illustrative down payment
20% ($780K)
Adjustable assumption - not a lending recommendation.
Home price
$3,900,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.
List price
$3,900,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
182 days
Original to current
$450K reduction
$4.4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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