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Property profile & analytics
OFF-MARKET
Land

720 Us-290 Dripping Springs, TX 78620

1.51 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.51-acre commercial land parcel presents a prime development opportunity in the thriving Dripping Springs, Texas market. Located at 720 US-290, this property boasts approximately 100 feet of frontage on US Highway 290, a major thoroughfare with over 30,000 vehicles per day according to TXDOT data. Adding to its strategic location, the property also offers approximately 85 feet of frontage on Sportsplex Drive. The site is zoned CS and benefits from the availability of city water and wastewater LUE. Pre-existing site plans for commercial development are available, streamlining the permitting process. This property is ideal for a variety of commercial uses, capitalizing on its high visibility and convenient access. An adjacent 1.046-acre tract (Lot 3) with Sportsplex Drive frontage is also available for purchase separately or together, expanding the potential development footprint to 2.556 acres for $575,000. The combined properties offer significant potential for investors seeking a high-traffic location in a rapidly growing area. The property is situated in Hays County, Texas, with the address 720 US-290, Dripping Springs, TX 78620. This is a rare opportunity to acquire a well-positioned commercial lot in a desirable location. The asking price for this 1.51-acre parcel (Lot 2) is $1,975,000.

Property profile
Verified
Property type Land
Lot 1.51 ac (65,776 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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