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Assisted Living Facility with Courtyard
For Sale
$13,900,000

400 W Old Hwy 290, Dripping Springs, TX 78620

Gated former memory care facility on acreage with multiple wings, client rooms, dining areas, and covered patios.

Property Size18,060 SF
Lot Size22.74 Acres
Price / SF$769.66
Days on Market96

Property Features for 400 W Old Hwy 290

General Information

Standard status Active
Size 18,060 SF
Lot size 22.74 Acres

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Year Built 2001
Listing Agency: David Foster, Broker
Listed By: David Foster · License #0519039
Source: Olverabolton
Added: Jun 1 Changed: Sep 4 Last Checked: Sep 3 at 6:21AM

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 former memory care facility offers a distinctive residential-style layout designed around care delivery and daily activities. The property features an artfully designed reception area, three building wings, 17 guest/client rooms, and shared care-support spaces including a large dining room and kitchen. In addition to multiple offices, the facility includes 22 restrooms, four showers, a medicine room, a large exercise room, an activity room, and a dedicated nook for a client beauty salon. There are several covered patios, raised herb gardens, and an attractive courtyard. The improvements also include an attached apartment and abundant natural light through large windows.

The gated entrance is located on Old Hwy 290, a short distance from Highway 290 and Roger Hanks Parkway. The facility sits on mature oak trees with pastoral views, near Dripping Springs High School.

The current configuration lends itself to a range of healthcare and service uses, including assisted living, memory care, rehab, office, wellness center, lab, or other compatible uses. The seller indicates willingness to expand the acreage included, potentially to include access to Roger Hanks Parkway directly across from the high school, and also offers owner financing. The larger available 22.74-acre site could support development of a multi-care level campus with retail and services for residents, subject to applicable approvals.

Key Highlights

  • 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

Property Analytics

Current Use

Assisted living facilities

Suggested Use

Top Pick Electrical Service Locksmith (Bike/Boat/Book/etc) Store Storage Facility Furniture & Home Goods Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

375
Businesses Nearby
Well-served
Demand for This Use

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
Rey
Questions? Ask Rey
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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 - Gated former memory care facility on acreage with multiple wings, client rooms, dining areas, and covered patios.
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: 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
More about this property
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