400 W Old Hwy 290, Dripping Springs, TX 78620

This property is a 22.7-acre commercial campus consisting of two lots and a well-built 16,006 SF facility recently vacated by a private school. The building was previously used as a memory care center and includes 17 rooms and 22 bathrooms (including four showers), along with a large dining room and kitchen, a large fitness room, and multiple meeting rooms, waiting rooms, and offices. Outdoor space is also supported by courtyards, making the layout workable for a range of care and wellness concepts. The site also includes a 2,054 SF house leased to a private school, plus a large metal building with an office.

The site is directly across from Dripping Springs High School and offers approximately 2,700 feet of combined frontage along the new Roger Hanks Parkway extension linking RR 12 and Hwy 290, as well as along Old U.S. 290. City water is available on the property, while the facility and house are currently on septic. The city has assigned 63 LUEs, with potential for 30 additional LUEs when city sewer reaches the site.

With commercial zoning, the facility can support a variety of healthcare-oriented uses such as assisted living, memory care, rehab, and related options, and the seller notes potential for multi-family use as well. The combination of room and bathroom count, common areas, and meeting and waiting spaces may fit operators seeking an existing, purpose-built care environment on a centrally located acreage with significant frontage.