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    4215 Us-290 Dripping Springs, TX 78620

    Sponsored
    For Sale
    $2,495,000

    20.71 Acres, Hwy 290 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20.71-acre commercial land parcel presents a unique investment opportunity in the rapidly growing Dripping Springs, Texas market. Boasting prime highway frontage on US-290 and proximity to the proposed Dripping Springs Loop, this property offers unparalleled access to the bustling Austin-Dripping Springs corridor. The location benefits significantly from ongoing major highway projects, including the $674 million Oak Hill Parkway Highway and the Hwy 290 expansion, promising increased connectivity and accessibility. The property's strategic position within Hays County, the fastest-growing county in the US, is further enhanced by the presence of over 13,000 recently completed or currently under-development affluent homes. This translates to a robust and expanding consumer base. The land is ideally suited for a variety of commercial uses, including a travel center or other ventures capitalizing on the area's explosive growth. Currently enjoying an agricultural exemption, resulting in low taxes, this aggressively priced property represents a compelling investment opportunity. The stunning Hill Country views add to its desirability. Located at 4215 US-290, Dripping Springs, TX 78620, this property is zoned for commercial, industrial, and residential uses. The asking price is $2,495,000. Broker co-op is available.

    Property Features for 4215 Us-290

    General Information

    Property type
    Land
    Lot Size
    902,128 SF

    HighLights

    • $2,495,000 asking price.
    • 20.71‑acre commercial, industrial, and residential land parcel.
    • Located at 4215 US‑290, Dripping Springs, TX 78620.
    • Prime corner lot with Highway 290 and loop frontage.
    • Excellent 1031 exchange opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Dripping Springs
    County
    Hays
    State
    Texas
    Longitude
    -98.1596656
    Latitude
    30.1982772

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    FAQs

    What type of property is this?
    Land - 20.71 Acres, Hwy 290 Frontage
    Where is this land located?
    The property is located at 4215 Us-290 Dripping Springs, TX.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: $2,495,000 asking price.; 20.71-acre commercial, industrial, and residential land parcel.; Located at 4215 US-290, Dripping Springs, TX 78620.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4215 Us-290 Dripping Springs, TX 78620
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