290 @ Sawyer Rnch Rd Austin, TX 78620
This exceptional 33-acre mixed-use land parcel presents a compelling investment opportunity in the thriving Austin, Texas market. Strategically located at the southwest corner of US 290 and Sawyer Ranch Road in Dripping Springs (zip code 78620), this property boasts significant frontage on US 290, enhanced by two convenient curb cuts. The site benefits from a signalized intersection, ensuring high visibility and accessibility. Infrastructure is already in place, including regional detention facilities, and utilities are readily available through WTCPUA water services and approved septic systems. Development flexibility is maximized with a permitted 60% impervious coverage. The property is conveniently located in Hays County and has been annexed into the city of Dripping Springs, offering access to municipal services and amenities. The asking price is $3,000,000, with a land value ranging from $14 to $17 per square foot. This presents a rare chance to acquire a large, well-situated tract ready for a variety of commercial developments in a rapidly growing area. The property's prime location and advantageous features make it an ideal platform for significant returns.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.