400 W Old Highway 290 Dripping Springs, TX 78620

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.