400 W Old Hwy 290, Dripping Springs, TX

$14,500,000

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22.71

Acres

About 400 W Old Hwy 290

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.

Features of 400 W Old Hwy 290

MLS® # 9156164
Price $14,500,000
Bathrooms 0.00
Acres 22.71
Year Built 2001
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 400 W Old Hwy 290
Area HD
Subdivision Philip A Smith Survey
City Dripping Springs
County Hays
State TX
Zip Code 78620

Amenities

Utilities Cable Available, Electricity Connected, High Speed Internet Available, Water Connected, Phone Available
Features Fitness Center
Parking Asphalt, Gated
View Trees/Woods, Pasture
Is Waterfront No
Has Pool No

Interior

Interior Tile, Vinyl
Heating Central, Fireplace(s), Electric, Exhaust Fan, Hot Water, Separate Meters, Zoned
Fireplace No

Exterior

Lot Description Trees Medium Size
Construction HardiPlank Type, Stone

Additional Information

Date Listed August 1st, 2024
Days on Market 237
Zoning CS - Commercial Zoning
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeDavid Foster, Broker
Contact Info(512) 751-1100

Listing Map

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