354 Wallace St Dripping Springs, TX 78620
This exceptional 6,000-square-foot industrial property in Dripping Springs, Texas, presents a unique investment opportunity. Located at 354 Wallace St, zip code 78620, this 2013-built structure sits on a 0.344-acre lot and offers flexible lease terms with a minimum divisible space of 3,000 square feet. The building features a 16-foot ceiling height, four drive-in doors (three 12x12 and one 16x16 automatic), and two parking spaces. The interior includes a small office and mezzanine space accessible via a staircase, ideal for administrative use or secure storage. Currently vacant, this versatile space is perfect for various uses, including storage, distribution, retail, office, or special-purpose applications. The property is zoned CS and offers build-out readiness with negotiable tenant improvements. Its prime location offers easy access to Austin, approximately 30 minutes away, making it an attractive option for businesses seeking a strategic location in a thriving community. The property's APN is 1126250700009004. This is a rare opportunity to secure a well-maintained, adaptable industrial space in a high-demand area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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