$14,500,000
( $802.88Per Sq Foot )
 $77,839 est/mo Sourced by Back At You

400 W Old Hwy 290 , Dripping Springs, TX 78620

Dripping Springs, TX 78620

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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.

Details

MLS#9156164
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year2001
Days On Site73
Listing Provided ByDavid Foster, Broker | David Foster

Features

SQ Feet18,060
Building(s)3
ZoningCS - Commercial Zoning
Acreage22.71
Water FrontYes
Property ViewPasture, Trees, Woods

Market Activity 78620

 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

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Listings Checked: 1 minute ago
StateTX
CountyHays
CityDripping Springs
Zip Code78620
AreaHD
Community NamePhilip A Smith Survey
Listing VS Median (in Philip A Smith Survey)
Price:
$14,500,000
low | high
Med:
$0
On Site:
73
low | high
Med:
Sourced by Back At You
Listing Updated: October 7, 2024 at 8:02:24 PM PDT