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$13,900,000

400 Old Hwy 290, Dripping Springs, TX 78620

Philip A Smith Survey

Sq Ft18,060
Acres22.71
Year Built2001

About This Property

22.7 acres comprised of 2 lots directly across from Dripping Springs High School, with an incredible approximate 2,700' combined frontage on the new Roger Hanks Parkway extension linking busy RR 12 to bustling Hwy 290, and along Old U.S. 290. There is city water on the property. The facility and house are on septic. The property has 63 LUEs assigned by the city, with a potential for 30 additional LUEs once the city sewer reaches it. There is a well-built 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 feet of frontage in very central Dripping Springs. The seller was approached by a popular hospital to build-to-suit a physical rehab center along Roger Hanks. This could be a winning option for a section of the frontage, but many options are possible. Owner/Broker.

Property Details

Property TypeCommercial
MLS #9156164
Days on Market398
Lot Size22.71 acres
Listed8/1/2024
Last Updated8/1/2024

Location

County
Hays
MLS Area
HD

Size

$/Acre
$611,984
Heating
Central, Electric, Exhaust Fan, Fireplace(s), Hot Water, Separate Meters, Zoned
Cooling
Central Air
Flooring
Tile, Vinyl
Construction Materials
HardiPlank Type, Stone
View
Pasture, Trees/Woods
Parking Features
Asphalt, Gated

Location

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Listing provided by David Foster · David Foster, Broker · (512) 751-1100

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. All information provided is deemed reliable but is not guaranteed and should be independently verified.

$13,900,000