400 W Old Hwy 290, Dripping Springs, TX 78620 - MLS#9156164

Dripping Springs, TX 78620,400 W Old Hwy 290

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Jennifer Adams

[email protected] +1(512) 736-4582

$14,500,000

Est. payment - /mo

18,060 SqFt

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UPDATED:

09/02/2024 10:57 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 18,060 sqft

Price per Sqft $802

Subdivision Philip A Smith Survey

MLS Listing ID 9156164

Originating Board actris

Year Built 2001

Tax Year 2024

Lot Size 22.713 Acres

Acres 22.713

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.

Location

State TX

County Hays

Zoning CS - Commercial Zoning

Interior

Heating Central, Electric, Exhaust Fan, Fireplace(s), Hot Water, Separate Meters, Zoned

Cooling Central Air

Flooring Tile, Vinyl

Fireplace No

Exterior

Utilities Available Electricity Connected, High Speed Internet, Phone Available, Water Connected

Waterfront No

View Pasture, Trees/Woods

Total Parking Spaces 26

Building

Sewer Aerobic Septic

Water Public

Structure Type HardiPlank Type,Stone

New Construction No

Others

Special Listing Condition Standard

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Listed by David Foster, Broker

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Jennifer Adams

+1(512) 736-4582

Agent | License ID: 603095

Agent License ID: 603095

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