MLS# 555578 – 400 W Us-290, Dripping Springs, TX 78620

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$14,500,000 - Br/Ba - for Sale in Dripping Springs
Price: $14,500,000
Lot Size Acres: 19.21
Lot Size SqFt: 836,787
Status: Active
Property Type: Commercial
Year Built: 2001
Days on Website: 114

Courtesy of David Foster, Broker {attribution_contact}

Property Description

22.7 acres comprised of 2 lots directly across from Dripping Springs High School, with an incredible approximate 2,700′ combined frontage 1) on the new Roger Hanks Parkway extension linking busy RR 12 to bustling Hwy 290, and 2) along Old U.S. 290. There is city water on the property. The facility and house are on septic. The property has assignments from the city of 63 LUEs, with a potential of 30 additional LUEs, once the city sewer reaches it. There is a gorgeous 16,006 SF facility recently vacated by a private school. The facility was formerly used as a memory care center, so it could be used for assisted living, memory care, rehab, mini-hospital, office, wellness center, or other. This facility has 17 rooms, 22 bathrooms (including 4 showers), a large dining room and kitchen, a large fitness room, plus many meeting rooms, waiting rooms, offices, and courtyards. This beautiful acreage is home to deer and other wildlife right in the heart of booming Dripping Springs, near Austin. The seller maintains a wildlife tax exemption. The property is zoned commercial and could potentially be used as multi-family. This property also includes a 2054 SF house, which is leased to a private school, and a large metal building with an office. This property is optimally located with 22.7 acres and approximately 2,700′ of frontage in very central Dripping Springs. The seller was once approached to build-to-suit a physical rehab center along Roger Hanks by a popular hospital. This could be a winning option for a section of the frontage, but many options are possible. Owner/Broker.

Property Details and Features

  • Property Access
  • Road Surface Type: Concrete
  • Bathrooms
  • Bathrooms Total Integer: 0
  • Building
  • Construction Materials: Brick,Masonry
  • Features: ExteriorLighting
  • Living Area Source: Appraiser
  • Community
  • Community Features: TrailsPaths
  • Accessibility Features
  • Accessibility Features: GrabBars,HandRails,LevelLot,NoStairs,Parking,AccessibleDoors
  • Foundation
  • Foundation Details: Slab
  • Water Features
  • Water Body Name: Fields,Panoramic
  • Interior Features
  • Interior Features: BedroomOnMainLevel,FullBathOnMainLevel
  • Listing
  • Lease Considered YN: t
  • Possible Use: MedicalDental,Office,Other,SeeRemarks,Unimproved
  • Location
  • City: Dripping Springs
  • County Or Parish: Hays
  • Lot
  • Parcel Number: R99966
  • Vegetation: PartiallyWooded
  • Parking
  • Parking Features: CircularDriveway,ParkingSpaces,Handicap
  • Possession
  • Possession: ClosingAndFunding
  • Property
  • Property Condition: Resale
  • Property Sub Type: Commercial
  • View YN: t
  • View: Meadow,Panoramic
  • Taxes
  • Tax Legal Description: A0415 PHILIP A SMITH SURVEY, ACRES 19.21, (5.00 AC @ MKT)
  • Tax Lot: 2 parcels
  • Utilities
  • Electric On Property YN: t

Property Map

$14,500,000 – 400 W Us-290, Dripping Springs, TX 78620

Street View

Nearby Schools

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