203 W New Hope DR, Cedar Park, TX 78613

Exceptional commercial redevelopment opportunity in Cedar Park! Two adjacent lots (~0.7 acres) at 203 W?New Hope Dr present a premier corner position with unrivaled visibility and high traffic along US?183 (Bell Blvd). The site includes an adaptable freestanding office structure (formerly a church classroom, then realty office) with utilities in place and flat terrain—ready for reinvention. Already zoned residential with a commercial variance and aligned with the City’s Future Land Use Plan (Neighborhood Business/Business District), rezoning is supported and strategic. This corridor sees strong traffic volume: city data from 2018–2019 reports ~30,600 vehicles per day north of New Hope Drive and Bell Blvd The area is on the cusp of transformative growth: The CedarView mixed-use development, just minutes away, will feature a 1.1 million SF Nebraska Furniture Mart, a 297-room full-service Marriott hotel, a 30,000 SF convention center, and a 320-space parking garage, all slated for completion by 2027. Additional nearby anchors include Scheels sporting goods within Cedar View. Cedar Park Chamber of Commerce. Major lifestyle and leisure developments are also underway. This strategic location is surrounded by established neighborhoods, schools, medical facilities, and has access to surrounding infrastructure improvements like the widening of New Hope Drive and enhanced pedestrian amenities. Community Impact. Priced attractively at $1,200,000 total (two lots combined), this site offers unmatched upside. Cedar Park has seen explosive growth—over 45% population increase over the past decade, a median household income above $111K, and over 2.3M SF of nearby commercial development in motion. With its visibility, infrastructure, and adjacency to destination-level developments, 203 W New Hope Dr is an opportunity primed for high-impact retail, drive-thru, boutique, or modern office/flex redevelopment.

The commercial property at 203 W New Hope Drive in Cedar Park sits at the intersection of established infrastructure and measurable growth. This 0.4534-acre corner lot benefits from approximately 30,600 vehicles per day traveling along US 183 and Bell Boulevard, according to city traffic data from 2018-2019.

The existing structure, a wood-sided building constructed in 1973, originally functioned as a church classroom before serving as a real estate office. It remains adaptable for multiple uses, with utilities already in place and flat terrain requiring minimal site preparation. The property is zoned residential with an approved commercial variance, positioning it for straightforward redevelopment without rezoning obstacles. Cedar Park's Future Land Use Plan designates this corridor for Neighborhood Business and Business District uses, a designation that aligns with the city's strategic growth framework.

The timing of ownership here matters. The nearby CedarView mixed-use development, minutes away, will bring a 1.1 million square foot Nebraska Furniture Mart, a 297-room Marriott, and a 30,000 square foot convention center, all targeted for completion by 2027. This anchor development reshapes the immediate market for complementary retail, service, and hospitality uses. Scheels sporting goods already operates within CedarView, establishing proof of the area's appeal to regional destination shopping.

Cedar Park itself has grown over 45% in the past decade. The median household income exceeds $111,000, and over 2.3 million square feet of commercial development is currently in motion within the surrounding area. New Hope Drive widening and enhanced pedestrian infrastructure improvements are underway, further supporting accessibility and foot traffic potential.

The property's corner position delivers visibility that few sites in the corridor can match. Drive time to downtown Austin runs approximately 20 minutes, placing the location within reasonable distance for commuters while remaining outside the core urban market. Access to surrounding neighborhoods, medical facilities, and school infrastructure provides context for mixed-use or office flex redevelopment.

At $800,000, this represents straightforward acquisition of a site with documented traffic volume, approved zoning flexibility, and front-row positioning to one of the region's largest mixed-use projects. The opportunity sits on the execution timeline of that transformation, not ahead of or behind it.