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.
Features of 203 W New Hope Dr
MLS® #
2776222
Price
$800,000
Bathrooms
0.00
Acres
0.45
Year Built
1973
Type
Commercial
Sub-Type
Business
Status
Active
Has Pool
No
Water Feature/View
Is Waterfront
No
Community Information: Cedar Park
Address
203 W New Hope Dr
Area
CLN
Subdivision
Cedar Park Ranchettes Lo 06
City
Cedar Park
County
Williamson
State
TX
Zip Code
78613
Amenities of 203 W New Hope Dr
Utilities
Electricity Connected, Sewer Connected, Water Connected, Above Ground Utilities
Parking
Asphalt, Outside, Parking Lot, Off Street, On Site, Paved
Interior of 203 W New Hope Dr
Interior
Vinyl
Heating
None
Fireplace
No
Exterior of 203 W New Hope Dr
Construction
Wood Siding
Foundation
Slab
Additional Information On 203 W New Hope Dr
Days on Market
47
Foreclosure
No
Short Sale
No
RE / Bank Owned
No
Gated Community
No
Property History
Price Reduced from $850,000 to $800,000
Price Reduced from $1,000,000 to $850,000
Price Reduced from $1,200,000 to $1,000,000
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Data Provided By: New Hope Realty Group(512) 817-4093. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from October 22nd, 2025 at 4:12pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.
