5258 Bell Springs Rd Dripping Springs, TX 78620
- Mixed-use properties
- 7,600 SF
- 5.20 lot acres
Current Use by Public Records
- Graveyard Vineyards Texas / Winery
Property Details for 5258 Bell Springs Rd
- Year built
- 1980
- Lot size
- 5.20 lot acres
- Property size
- 7,600 SF
- Property type
- Mixed-use properties
Description
This exceptional 5.2-acre property in Dripping Springs, Texas, presents a compelling redevelopment opportunity. Located at 5258 Bell Springs Rd, the site boasts three buildings totaling 7,600 square feet, including a 2,400 square foot mixed-use building currently occupied at 100% occupancy by Graveyard Vineyards, a tasting room. A 2,800 square foot house and a 2,400 square foot workshop are also on the site. The property features unrestricted and commercially zoned land, offering diverse development potential. Built in 1980 and renovated in 2015, the buildings sit on predominantly flat land with mature oak trees. The property enjoys a prime location less than half a mile from Highway 290, providing excellent accessibility. With a Net Operating Income (NOI) of $44,400 and a 2.34% cap rate, this $1,900,000 offering presents a strong investment opportunity for owner-users seeking a blend of residential and commercial use, or for developers looking to capitalize on the property's potential. The 2,400 square feet of net rentable space is currently leased under a NNN lease. The property's zoning allows for a wide range of uses, making it attractive to a variety of buyers. This unique combination of residential and commercial elements, coupled with its desirable location in Dripping Springs, makes this a truly exceptional opportunity. The zip code is 78620.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dripping Springs
- County
- Hays
- State
- Texas
- Longitude
- -98.1208
- Latitude
- 30.2108
