Owner/User Medical Office | Near Lakeline Mall — Sale in Austin, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Austin, TX 78750

Photos

Owner/User Medical Office | Near Lakeline Mall — Sale in Austin, TX, photo 1 of 2
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Description

Marcus & Millichap is pleased to exclusively offer for sale for the medical office property located at 12120 Ranch Rd 620 N, Austin TX, 78750. This 3,068 SF office asset was built in 1973 is situated on 0.61 AC of land. Texas Children's is presently leasing the space on a NNN basis, however has provided notice to Landlord of their intent to vacate at the end of the term, or 12/31/2026. The property is zoned GB. The asset boasts 23 parking spaces (7.49/1000 ratio), 10 exam rooms, 2 restrooms, 2 waiting areas, a submerged basement, and separate offices for doctors. This provides an excellent opportunity for an owner-user to occupy. The property includes both frontage and access via 2 driveways on Ranch Rd 620 N, which boasts 44,247 VPD .The site itself benefits from close proximity (~1mi) to Lakeline Mall, and is about 2 miles from the dense shopping corridor located on the corners of US 183 and SH 45/RR 620. Notable tenants include Lowe's, Sam's Club, Walmart, Target, Home Depot, Best Buy, Chili's, Jared's, and many more. 1 mile south on Ranch Rd 620 boasts more retailers, including H-E-B, CVS, Starbucks, Torchy's Tacos, and more. Two new apartments - The Everett and Landing - are being built next to the H-E-B as well. As such, nearby growth has been steady - a 9.38 percent population growth was recorded from 2020-2025 with an average household income of $136,905. both within 1 mile of the site. Please contact agent for tours and interior walk-through video. Investment Highlights: • Seller Financing Offered with Attractive Interest Rates • Excellent Frontage and Access - Site Accessible via 2 Driveways on RR 620 Which Boasts 44,427 VPD • New Developments Nearby - The Everett and Landing Apartments • Dense Retail Corridor - Lakeline Mall, Lowe's, Sam's Club, H-E-B, Best Buy, Target, and More (2mi Radius) • Owner User Opportunity with Short Term Rental Income

Market Context

This retail in Austin, TX is listed for sale. Compare it against other retail listings for sale in Austin, TX — view the full market.

As of Q1 2026, the Austin retail market showed a 3.7% vacancy rate, and rents up 5.3% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Austin retail market tightening or softening?
Vacancy is around 3.7%, with asking rents rising year over year (Q1 2026).

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