720 Us-290 Dripping Springs, TX 78620
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.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.