— bed, — bath on 2.24 acres in Georgetown. Georgetown, TX 78628. $2,999,000.
About This Home
JUST REDUCED!!! Iconic restaurant on 2.24 acres with a music venue permitted up to 2000 people by the City of Georgetown. Restaurant has a great U-shaped bar, commercial kitchen some furniture, fixtures, walk in freezer, walk in refrigerators. Music venue outside is covered with beautiful oak trees and has a stage, long cement bar, furniture and another bar/building for events. Also on the property is a 1360 square foot brick house included. This property has many possibilities and has to be seen to understand the potential. One-of-a-kind property!!! Days on market reflect time listed with an adjacent property before they were split up.
1515 N IH 35 puts 2.2434 acres of Georgetown frontage into play with a City of Georgetown-permitted outdoor music venue that can handle up to 2,000 people. At 1515 N IH 35 in Georgetown, TX 78628, this $3.50M Commercial Sale - Mixed Use property sits in Williamson County along one of the strongest visibility corridors in Central Texas.
Built in 2007, the site is set up for real business use, not a concept on paper. The restaurant layout includes a commercial kitchen, walk-in refrigeration, walk-in freezer, storage, and a U-shaped bar that supports both daily service and event traffic. Outside, the covered venue area under mature oak trees, stage setup, and multiple bar service points create a format that is hard to duplicate today. There is also a 1,360 square foot brick house on the property, which opens the door for office, manager housing, or support use tied to the main operation.
Location is the story here. This stretch of IH-35 gives direct exposure to northbound and southbound regional traffic, with access tied to both the IH-35 frontage road and Airport Road. The property sits just south of Costco Georgetown and within the broader growth path that continues to reshape the north Georgetown retail and service corridor. Wolf Ranch Town Center and the University Avenue retail concentration are a short drive away, and Historic Downtown Georgetown is close enough to benefit from local draw without depending on it. From this part of Georgetown, Downtown Austin and Austin-Bergstrom International Airport are generally about 35 minutes away, traffic permitting.
Some data points are not listed in the provided record. Square footage for the full improvements is not provided here, so price per square foot cannot be stated from the source data. School district, school names, and school ratings are also not listed, which is typical for a commercial mixed-use asset where access, entitlement, frontage, parking, and use flexibility carry more weight than residential school assignment.
Four days on market signals fresh exposure, though prior marketing tied to an adjacent property should be read in context. What matters now is the current setup: income-producing restaurant infrastructure, event capability, land size, and frontage in a fast-growing Georgetown trade area. For an operator, investor, or owner-user, this is the kind of property that can grow with the corridor and hold long-term value as Georgetown keeps expanding north.
The numbers behind this insight
- Offered at
- $2,999,000
- Listed
- March 3, 2026
- Price changes
- Reduced, down 14.3% from $3,500,000
Keenan Luxury Market Index: $2M-$3M single-family homes across the Austin area sold at a median $601 per sq ft over the trailing 12 months (383 sales), as of October 21, 2026.
- Property Type
- Commercial Sale
- Year Built
- 2007
- Lot Size
- 2.24 acres
Listing information last updated April 9, 2026.
Listed by Fox Realty
MLS# 9600707 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Concrete
- Heating
- Central,Electric
- Cooling
- Central Air,Electric
Exterior & Lot
- Cement Siding
- Stone
- Slab
- Lot Size
- 2.24 Acres
- Stories
- 1
- Driveway
- Parking Lot
- Paved
Financial
- Original List Price
- $3,500,000
Utilities
- Electricity Connected
- Phone Connected
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 1515 N IH 35, whoever represented it.
- ActiveListed 2026Current price: $2,999,000Original list: $3,500,000MLS 9600707
- Listed · March 3, 2026$3,500,000
- Price changed · April 9, 2026$2,999,000
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.
- Current list
- $2,999,000
- Original list
- $3,500,000
- Price movement
- $501K reduction
- Listed / DOM
- Mar 3, 2026 · 232 days
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($600K)
Adjustable assumption - not a lending recommendation.
$2,999,000
Luxury property intelligence
Keenan Market Position
A sourced read on Georgetown pricing, timing, and property scale. No automated valuation claim.
List price
$2,999,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
232 days
Original to current
$501K reduction
$3.5M 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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