A total of 1.105 Acres of Prime corner commercial opportunity in Leon Valley. Located at the intersection of Thistle Dr and Watercrest Dr, this 1.1046 acre B 2 zoned property offers outstanding visibility, dual street frontage, and flexible development potential in an established residential and commercial corridor. The site is ideally suited for a neighborhood retail strip center of approximately 10,000 to 15,000 square feet, making it an excellent fit for restaurants, medical or dental offices, boutique fitness, personal services, specialty retail, or professional offices. The size and corner positioning allow for efficient parking design, strong storefront exposure, and prominent signage key elements for long term business success. The property is being sold for land value; however, it includes a 1,942 square foot home built in 1945 situated on approximately 0.51 acres of the total tract. The home features four bedrooms, two bathrooms, a detached one car garage, an eat in kitchen, a den, a separate family room, a laundry room off the kitchen, and three wood burning fireplaces. For a buyer who sees opportunity beyond redevelopment, the existing structure offers potential for refurbishment and adaptive reuse as a professional office, boutique studio, or other approved commercial use under B 2 zoning. It also presents a strategic option for phased development, allowing an owner to utilize or lease the home while planning future commercial improvements on the remainder of the property. Whether you envision developing a neighborhood retail center, establishing your own flagship location, or leveraging the existing structure for immediate use while holding for future growth, this property offers flexibility, scale, and long term upside. Corner commercial sites of this size with multiple pathways to value are increasingly rare in Leon Valley.