REIT Sale | Former Day Care | 46K VPD | Austin MSA | $160K HH Income

Highlights:

• 6,635 SF Freestanding Former La Petite Academy (Day Care) within Affluent Area of Austin MSA
• 46,298 VPD Traffic Counts at Hard Corner on N Bell Rd (TX-183); 25 Minutes from Downtown Austin
• Neighboring Retailers: Target, Costco, H-E-B, Whole Foods, Marshalls, Petco, Academy Sports, Chick-fil-A, Starbucks, McDonald's, Dunkin, Chase, Bank of America, Nordstrom Rack, Cinemark, Buffalo Wild Wings, Taco Bell, Wing Stop, Wendy's, Auntie Anne's, and more
• Attractive Demographics with an Annual Household Income of ±$160,441 and Population of ±195,628 (5-Mile)
• Zoned LB, Local Business District with a Variety of Commercial Uses

Description:

RI Marketplace Online Auction June 23-25, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2533/reit-sale-former-day-care-46k-vpd-austin-msa-160k-hh-income?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2533

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing retail building located at 1609 N Bell Blvd in Cedar Park, TX 78613 (the “Property”). Formerly operated as a day care, the Property is being offered significantly below replacement cost, presenting an attractive opportunity for owner-users or investors seeking substantial value enhancement through lease-up or repositioning.

Originally constructed in 1987, the Property comprises a single-story building totaling ±6,635 square feet, situated across two contiguous lots totaling ±0.75 acres. The site features a fenced playground area, paved parking lot striped for 27 vehicles, and dual access points from both N Bell Blvd (±46,298 VPD) and Industrial Blvd, offering exceptional visibility and accessibility. Formerly occupied by La Petite Academy, the building is well configured for a range of commercial users and includes functional improvements such as a commercial kitchen with built-in cabinetry, oven/range, refrigerator, freezer, and stainless-steel sink with disposal. The existing layout and infrastructure provide flexibility for educational, medical, office, or retail uses. Zoned LB, Local Business, the Property allows for a wide range of commercial uses and presents a highly flexible value-add investment opportunity—whether through adaptive reuse or long-term lease-up at market rents (CoStar-estimated rents of $32-39/SF NNN Retail). This offering represents a rare chance to acquire a strategically located asset in one of the Austin metro’s fastest-growing suburbs.

The Property benefits from excellent frontage and accessibility along N Bell Boulevard (US-183), a major commercial corridor in Cedar Park, one of the most dynamic and rapidly expanding communities within the Austin metro area. Located just ±2 miles from TX-183A Toll Road (over 42k VPD), the site provides seamless access to Downtown Austin (±25-minute drive) as well as high-growth suburban nodes such as Leander, Round Rock, and North Austin’s tech corridor. Cedar Park continues to attract significant residential and commercial growth due to its top-rated schools, pro-growth governance, and strategic location within the larger Austin MSA. Surrounding the Property are major retail and healthcare anchors including Lakeline Mall (±2.5 miles), Costco, Target, Whole Foods Market, and 1890 Ranch—an 850,000 SF open-air lifestyle center anchored by Super Target, Cinemark, Academy Sports, and PetSmart. Additionally, the Property is less than ±10 minutes from both Cedar Park Regional Medical Center and Texas Children’s Hospital North Austin, two of the area’s leading healthcare facilities. The combination of strong regional connectivity, dense retail and healthcare infrastructure, and an affluent residential base positions the Property for long-term success. The immediate area includes approximately 87,000 residents within a 3-mile radius, with an average household income approaching $150,000, and expands to more than 199,000 residents within 5 miles, boasting an average household income of $160,441. These exceptional demographics underscore the Property’s potential as a premier opportunity for investors and end-users alike.

Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344

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