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    Austin, TX 78737

    For Sale
    $4,000,000

    7.51 Acres, US 290 Frontage, $4M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 7.51-acre commercial land parcel in Dripping Springs, Texas, presents a remarkable investment opportunity. Located on the hard corner of W US 290 and Whirlaway Drive, this property boasts 760 feet of frontage along the heavily trafficked US 290, experiencing 32,050 cars daily. The property is zoned ETJ (Extraterritorial Jurisdiction) and offers unparalleled visibility and accessibility. Site development permits have already been secured from Hays County, Dripping Springs, and TxDOT, streamlining the development process. Existing infrastructure includes a 12-inch water line with executed potable water service agreements ensuring a reliable water supply. Three-phase electric power is readily available along Highway 290, and natural gas is also accessible. While septic and detention systems will require future installation, this property's strategic location and pre-approved permits make it an ideal site for a diverse range of commercial ventures. The asking price is $4,000,000. The APN is R15383. This is a for sale by owner listing.

    Property Features for 0

    General Information

    Property type
    Land
    Lot Size
    327,136 SF

    HighLights

    • 7.51‑acre commercial land parcel in Dripping Springs, TX, priced at $4,000,000.
    • High‑traffic location on US 290 with 760 ft of frontage and 32,050 daily cars.
    • Zoned ETJ with pre‑approved site development permits from Hays County, Dripping Springs, and TxDOT.
    • 12‑inch water line with executed potable water service agreements.
    • Three‑phase electric power available.
    • Natural gas available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.9928914
    Latitude
    30.1987652

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    FAQs

    What type of property is this?
    Land - 7.51 Acres, US 290 Frontage, $4M
    Where is this land located?
    The property is located at Austin, TX.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 7.51-acre commercial land parcel in Dripping Springs, TX, priced at $4,000,000.; High-traffic location on US 290 with 760 ft of frontage and 32,050 daily cars.; Zoned ETJ with pre-approved site development permits from Hays County, Dripping Springs, and TxDOT.
    (512) 784-2345
    Request Owner's contact information
    Austin, TX 78737
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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
    Austin, TX 78737
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