
— bed, — bath on 2.24 acres in Georgetown. Georgetown, TX 78628. $2,999,000.
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.
Verified property facts
1515 N IH 35 is listed at $2,999,000 with 0 bedrooms, 2.24-acre lot. This places it above the ZIP 78628 single-family closed-sale median price of $660,000 (ZIP 78628 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 30, 2026).
1515 N IH 35 is a Commercial Sale built in 2007 featuring 0 bedrooms, 2.24-acre lot.
1515 N IH 35 is listed by Fox Realty. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 30, 2026.
The most recent annual property tax for 1515 N IH 35 is $15,089. 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.
This page does not assume a mortgage rate or publish a monthly payment for 1515 N IH 35. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
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2 records on file
Every recorded listing, sale, and lease at 1515 N IH 35, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
20% ($600K)
Adjustable assumption - not a lending recommendation.
$2,999,000
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List price
$2,999,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
212 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 Sep 30, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
As of Sep 30, 2026, 1515 N IH 35 is offered at $2,999,000. The current MLS snapshot shows 551 active listings in 78628. Keenan Group has completed 4 verified transactions in 78628 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.
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
Best Match
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