Prime Dripping Springs Commercial
For Sale
$13,900,000
400 W Old Hwy 290, Dripping Springs, TX 78620
22.7 acres with high frontage in booming Dripping Springs.
Property Size18,060 SF
Lot Size22.71 Acres
Price / SF$868.42
Days on Market152
Property Features for 400 W Old Hwy 290
General Information
Standard status
Active
Size
18,060 SF
Lot size
22.71 Acres
Property subtype
Commercial
Building Details
Building Size
18,060 SF
Year Built
2001
Listing Agency:
David Foster, Broker
(512) 751-1100
Listed By:
David Foster · License #0519039
(512) 751-1100
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 12:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of David Foster, Broker
Investment Insights
Based on property information with market context.
This 22.7-acre property, comprised of two lots, is located directly across from Dripping Springs High School. It features approximately 2,700 feet of combined frontage on the new Roger Hanks Parkway extension, linking RR 12 to Hwy 290, and along Old U.S. 290. City water is available on the property, while the existing facility and house utilize septic systems. The property has assignments from the city of 63 LUEs, with the potential for 30 additional LUEs once the city sewer is extended to the location. A 16,006-square-foot facility, previously used as a private school and formerly as a memory care center, is situated on the land. This facility includes 17 rooms, 22 bathrooms (including 4 showers), a large dining room and kitchen, a large fitness room, meeting rooms, waiting rooms, offices, and courtyards. The acreage is zoned commercial and could potentially be used as multi-family. The property also includes a 2,054-square-foot house, currently leased to a private school, and a large metal building with an office. The seller maintains a wildlife tax exemption. The location could be suitable for assisted living, memory care, rehab, a mini-hospital, office space, or a wellness center. The seller was once approached to build-to-suit a physical rehab center along Roger Hanks by a popular hospital.
Key Highlights
- 22.7 acres with approximately 2,700' combined frontage.
- 16,006 SF facility with 17 rooms and 22 bathrooms, suitable for various uses.
- 63 existing LUEs with potential for 30 more.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78620, TX
20,493
Population
7,929
Households
2.6
Avg Household Size
43
Median Age
62%
College-Educated
97%
High-School Grad
175.6 sq mi
ZIP Area
117
Density / Sq Mi
$146,551
Median Household Income
$58,583
Median Earnings
$1,674
Median Rent
$624,800
Median Home Value
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Grace and Pax House — 1459 w hwy 290, dripping springs, tx 78620
Frequently Asked Questions
What type of property is this?
Assisted living facility - 22.7 acres with high frontage in booming Dripping Springs.
Where is this assisted living facility located?
The property is located at 400 W Old Hwy 290 Dripping Springs, TX.
What is the asking price?
The asking price for this property is $13,900,000.
What are key features of this property?
This property features: 22.7 acres with approximately 2,700' combined frontage.; 16,006 SF facility with 17 rooms and 22 bathrooms, suitable for various uses.; 63 existing LUEs with potential for 30 more.
