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$8,500,000 -$1,500,000 (-15%) Price Reduced
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Property Description
$10,000,000 Investment Opportunity | 706 Leander Drive Leander Heights Business Park: 8-Building Flex-Industrial Campus 706 Leander Drive offers a high-yield portfolio opportunity to acquire a versatile, eight-building commercial campus in the heart of the Austin-metro's most explosive growth corridor. Spanning approximately 3.2 acres, this established business park is perfectly positioned for an investor seeking a unified campus or an owner-user requiring a multi-structure headquarters. The Assets: The campus consists of eight standalone structures, strategically designed to provide a mix of professional office-flex and industrial utility: Professional Office-Flex (6 Buildings): Featuring modern glass storefronts and flexible interior configurations, these buildings are ideal for medical, corporate, and tech-service providers requiring a high-profile presence. Industrial Warehouse (2 Buildings): Two dedicated structures provide high-clearance, functional space with roll-up door access, optimized for trades, distribution, and light fabrication. Strategic Upside & Future Flexibility: The property's unique eight-building layout offers significant long-term flexibility. While currently operated as a single unified campus, the site's physical configuration provides a compelling foundation for a future investor to explore a condominium regime or formal subdivision (subject to city and county approvals). This "exit strategy" potential offers a distinct value-add path for those looking to eventually divest individual buildings. Prime Location: Located one mile north of Crystal Falls Parkway between Highway 183 and Toll Road 183-A, the property sits at the epicenter of Leander's commercial expansion, providing premier logistical access to the Greater Austin area. Financing: A prime candidate for SBA 504 financing, allowing qualified owner-users to secure a multi-building corporate campus with as little as 10% down.
Full Property Details
Full Property Details for 706 Leander Dr
General
- Price: $8,500,000
- Taxes: $138,504 (2025)
- Status: Active
- Type: Commercial
- Source: Austin_MLS
- MLS ID: 1939960
- Updated: 7/8/2026
- Added to Site: 217 day(s) ago
Rental Information
- Lease Info: NNN
Interior
- Flooring: See Remarks
Additional Information
- Security/Safety: None
- Equipment: None
Parking
- Total Spaces: 168
- Parking Features: Concrete
Location
- Area: CLN
- County: Williamson
- Subdivision: Leander Heights Sec 03
- Building Name: Leander Heights Business Park
- Driving Directions: Head North on 183A Toll Road (or the non-tolled US-183 frontage road). Take the exit for San Gabriel Pkwy/FM 2243/TX-29. You will need to exit onto the northbound frontage road if you are in the tolled lanes. Turn left onto W San Gabriel Pkwy (FM 2243). Cross over the highway. Turn left onto S US-183 Frontage Rd (heading southbound). Turn right onto Leander Dr (this is the same road as the destination address). Turn right onto Leander Heights Dr. Your destination will be on the right at 706 Leander Heights.
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 8
- Detached/Attached: Detached
- Construction: See Remarks
- Stories/Levels: 1
- Square Feet: 42,000
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Mixed Use
- Year Built: 2018
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 3.214
- Lot Size (Sq. Ft.): 140,001.84
- Lot Size Source: Public Records
- Topography: Level
- Lot Features: Flat
Financial Considerations
- Operating Expenses: $101,070
- Assessment Amount: $8,379,130
- Tax Amount: $138,504.9
- Tax Year: 2025
- Terms: Cash, Committed Funds, Conventional, Contract, See Remarks, SBA Type Loan
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Building Plans, Survey
- Legal Description: S3980 - LEANDER HEIGHTS SEC 3, BLOCK B, LOT 21, ACRES 3.214
- Property ID: 17W338000B00210004
- Block: B
- Lot Number: 21
Listed by CENTURY 21 Integra
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Schools
Schools serving 706 Leander Dr
School District:Leander Independent School District
| Name | Grades | Distance |
|---|---|---|
Christine Camacho Elementary School 501 Municipal Drive, Leander, TX 78641 | K-5 | 0.8 mi |
Pleasant Hill Elementary School, Leander, TX 1800 Horizon Park Boulevard, Leander, TX 78641 | PK-5 | 1 mi |
Bagdad Elementary School 800 Deercreek Lane, Leander, TX 78641 | K-5 | 2.1 mi |
Knox Wiley Middle School 1526 Raider Way, Leander, TX 78641 | 6-8 | 1.6 mi |
Rouse High School 1222 Raider Way, Leander, TX 78641 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 706 Leander Dr
Date
Details
Price
Change
Source
7/08/2026
Price Reduced
$8,500,000
-15%
MLS
3/24/2026
Price Reduced
$10,000,000
-16.67%
MLS
12/03/2025
Listed
$12,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 706 Leander Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$138,505
-3%
$8,379,130
18%
2023
$143,039
-8%
$7,084,562
40%
2022
$155,771
29%
$5,061,320
—
2021
$120,452
84%
$5,061,320
96%
2020
$65,454
-1%
$2,577,130
251%
2020
$66,051
392%
$734,257
45%
2018
$13,414
24%
$506,997
25%
2017
$10,860
-9%
$405,665
-8%
2016
$11,944
43%
$440,877
45%
2015
$8,347
-26%
$303,892
-28%
2013
$11,249
—
$424,862
5%
2013
$11,249
—
$404,091
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 706 Leander Dr
706 Leander Drive, Leander, TX 78641 (MLS# 1939960) is a Commercial property. 706 Leander Drive is currently listed for $8,500,000 and was received on December 03, 2025. Want to learn more about 706 Leander Drive? Do you have questions about finding other Commercial real estate for sale in Leander? You can browse all Leander real estate or contact a Coldwell Banker agent to request more information.

