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Keenan Group#1 Austin Board of Realtors Team 2024
11620 N FM 620, photo 1 of 30, Austin, Austin, TX
Active

$3,900,000

0Beds
1.52 acresLot

11620 N FM 620, Austin, TX 78750

Reduced 10%$4,350,000
Austin·MLS# 2147876·Built 2002·182 days on market

— 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.

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

Generous 1.52-acre lot
Property is currently vacant
Property is located within the RM 620 corridor expansion study area
Buyer to independently verify all future roadway plans, timelines, and potential impacts.

Facts & Features

Interior

Flooring

  • Tile
  • Vinyl
Heating
Central
Cooling
Central Air,Electric,Multi Units
Exterior & Lot

Construction

  • Masonry – Partial
  • Stone
  • Stucco

Foundation

  • Slab
Lot Size
1.52 Acres
Stories
1

Parking

  • 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.

  1. ActiveListed 2026
    Current price: $3,900,000Original list: $4,350,000MLS 2147876
    1. Listed · May 6, 2026$4,350,000
    2. 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.

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Price & Listing History

Listing timeline with current price, original ask, and market time.

View Timeline
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
$3.4M
$2.6M
$3,387,115
2025
$2,576,439
-23.9% from prev
2026
YearTaxesTotal AssessmentLandAdditions
2026-23.9%
—$2,576,439$1,163,172$1,413,267
2025
—$3,387,115$2,102,478$1,284,637
5-Year Change-23.9%
Map showing 11620 N FM 620
11620 N FM 620
Directions

District Schools Nearby

Round Rock ISD →

6 High Schools

McNeil High School

High SchoolDistrict context

Rrisd Early College High School

High SchoolDistrict context

Westwood High School

High SchoolGrades 9-12District context
2.5 mi away

Cedar Ridge High School

High SchoolDistrict context

Stony Point High School

High SchoolDistrict context

Round Rock High School

High SchoolGrades 9-12District context
5.0 mi away

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.

Principal & interest
$21,263

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: $3.1M

Loan details

Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-29
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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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Frequently Asked Questions

How much is 11620 N FM 620?

11620 N FM 620 is listed at $3,900,000 with 0 bedrooms, 1.52-acre lot. This places it above the ZIP 78750 single-family closed-sale median price of $710,000 (ZIP 78750 geography · single-family closed sales · median sale price · trailing 12 months as of Nov 3, 2026).

What are the property details for 11620 N FM 620?

11620 N FM 620 is a Commercial Sale built in 2002 featuring 0 bedrooms, 1.52-acre lot.

What are the property taxes for 11620 N FM 620?

The most recent annual property tax for 11620 N FM 620 is $72,848. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.

How should a buyer estimate the monthly payment for 11620 N FM 620?

This page does not assume a mortgage rate or publish a monthly payment for 11620 N FM 620. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 11620 N FM 620 compare with other homes in Austin?

As of Oct 15, 2026, 11620 N FM 620 is offered at $3,900,000. The current MLS snapshot shows 48 active listings in 78750. Keenan Group has completed 25 verified transactions in 78750 within its 1,000+ completed transactions and $1B+ career volume across Austin.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Austin

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

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Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 10/15/2026, 1:07:21 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Keenan Luxury Market Index figures and Keenan Group sales counts are published under CC BY 4.0 and may be reused with attribution to Keenan Group at Compass. Methodology and citation format: thekeenangroup.com/the-source/keenan-luxury-market-index-methodology.

Last updated: 10/15/2026, 1:07:21 PM

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