21200 Highland Lake Dr, Leander, TX 78645
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Overview
Position your business for success with this unique 0.75-acre commercial lot located in the growing lake community of Lago Vista. Zoned C-1 (and potentially rezone to R4), this property offers flexibility for a variety of commercial uses including office, retail, professional services, contractor operations, studio space, restaurant, and other neighborhood business concepts. As Lago Vista/Leander continues to experience significant residential and commercial growth, opportunities to secure commercially zoned land at this price point are becoming increasingly rare. While not located in a major retail corridor, that actually becomes an advantage as the property offers strong long-term potential for owner-users, investors, and small businesses seeking affordability, visibility, and a strategic foothold in an expanding market. Recent improvements to nearby Santa Rita Drive have enhanced accessibility, connectivity, and traffic flow throughout the area. Surrounded by growing neighborhoods and development, this property is well-positioned to benefit from the area’s ongoing growth and increasing demand for local services and commercial infrastructure. The approx. 0.755-acre lot features level topography and a unique triangular configuration that allows creative site planning, parking layouts, signage opportunities, and efficient building design. Utilities including water, sewer, electricity, and phone service are available at the street, helping future development potential. Whether you are looking to establish a business location, create an income-producing investment, or secure commercial land for future development, this property offers flexibility and long-term upside in one of the Hill Country’s growing communities. There may also be future rezoning potential to R4, subject to city approval, which could create possibilities for multifamily or short-term rental development. Buyer to independently verify zoning, utilities, development requirements, and intended use.
Location
Full feature list
Basic info
- Property type
- Other residential
- Lot size (acres)
- 0.76
Exterior features
- Waterfront
- None
Utilities
- Sewer
- Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount (2025)
- $1,480.29
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Unlock MLS (Austin Board of Realtors) MLS®#: 3926713 Last checked: …

Based on information submitted to the MLS GRID as of . 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.