Austin, TX 78737
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.