Dripping Springs, TX Assisted living facilities for sale

Updated: May 27

Assisted Living Facility with Courtyard

400 Old Highway 290, Dripping Springs, TX 78620

$6,000,000

16,006 sqft 22.74 AC lot

Former memory care facility built in 2001 on a gated property in Dripping Springs, TX, near Dripping Springs High School
3 building wings with 17 guest/client rooms plus multiple offices, large dining room and kitchen, and a reception area
22 restrooms and 4 showers, including a medicine room and an exercise room, with large windows for natural light
Includes several covered patios, an attached apartment, and an attractive courtyard; raised herb gardens are on site
On‑site client amenities include a client beauty salon nook and a large activity room

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This listing looks promising.

Here's a quick look at some key insights for

400 Old Highway 290, Dripping Springs, TX 78620

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Est. Cap Rate

4.8%
NOI ÷ price
Est. NOI

$290K
Annual
Price @ 7% Cap

$4.15M
Suggested

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Updated: Aug 1, 2024

Rehabilitation and Care Facility Campus

400 W Old Hwy 290, Dripping Springs, TX 78620

$13,900,000

18,060 sqft 22.70 AC lot

22.7‑acre commercial campus with a recently vacated 16,006 SF facility formerly used as a memory care center
Approx. 2,700' combined frontage across from Dripping Springs High School along the Roger Hanks Parkway extension and Old U.S. 290
Facility layout includes 17 rooms and 22 bathrooms (including 4 showers), plus large dining/kitchen, fitness room, meeting rooms, offices, waiting rooms, and courtyards
Utility capacity includes city water on the property; currently served by septic, and has 63 LUEs with potential for 30 additional LUEs when city sewer reaches
Zoned commercial with potential for multi‑family use; includes a 2,054 SF leased house and a large metal building with an office

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Dripping Springs, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Assisted Living Facility with Deck

4154 Swans Lndg, San Antonio, TX 78217

$900,000

6,010 sqft

Former office building converted to licensed assisted living with 16-person capacity and wheelchair-accessible showers.

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Assisted Living Nursing Facility

1405 W Storey Street, San Saba, TX 76877

$465,000

1.02 AC lot

Large assisted-living and nursing home layout with lobby, kitchen, ADA showers, and ample parking for redevelopment or operations.

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Assisted Living Nursing Facility

1405 W Storey, San Saba, TX 76877

$465,000

1.02 AC lot

Purpose-built facility layout includes lobby, kitchen, ADA restrooms, staff offices, and laundry for senior care operations.

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Assisted Living Facility Conversion Opportunity

20500 Huebner Rd, San Antonio, TX 78258

Contact for pricing

76,478 sqft 4.67 AC lot

76,478 SF assisted living facility suitable for behavioral health conversion.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Canyon Lake Land Opportunity

13607 Fm-306, Canyon Lake, TX 78133

$610,800

3.55 AC lot

3.55 AC lot on FM 306 near Canyon Lake.

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New Braunfels Commercial Land Available

2841 & 3055 Goodwin Lane, New Braunfels, TX 78130

$2,250,000

9.76 AC lot

9.76 acre commercial lots near IH 35 and Creekside.

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Prime Land Near Toll 130

20711 FM 685, Pflugerville, TX 78660

$3,615,480

5.34 AC lot

Highly visible land near Toll 130 in Pflugerville, Texas.

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Prime Commercial Land on Knickerbocker

5425 Knickerbocker Road, San Angelo, TX 76904

$795,000

2.73 AC lot

2.728 acre commercial tract in Southwest San Angelo.

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Dripping Springs, TX Assisted Living Facilities Market Trends and Statistics

Explore 2 assisted living facilities for sale in Dripping Springs, TX on our real estate platform. These investment opportunities span a total of 34,066 square feet of properties for sale, with an estimated market value of $19,900,000.

Sale prices for assisted living facilities in Dripping Springs, TX start at $6,000,000, averaging $9,950,000, and reaching up to $13,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
78620	$10.3M

Neighborhood

Average Price

78620

$10.3M

Dripping Springs, TX Assisted Living Facilities for Sale

400 Old Highway 290, Dripping Springs, TX 78620

400 W Old Hwy 290, Dripping Springs, TX 78620