9114 Us-290 Austin, TX 78736
This exceptional 2-acre property in Austin, Texas, presents a remarkable investment opportunity. Located at 9114 US-290, Austin, TX 78736, this unzoned corner lot boasts over 250 feet of frontage on US-290 near Dripping Springs, benefiting from high visibility and accessibility with approximately 28,000 vehicles passing daily. The property features multiple buildings currently used for a landscaping business, including a 2/1 home with an above-ground pool, a mechanic shop, a greenhouse, storage buildings, and a building with two full bathrooms and a laundry room suitable for potential RV spots. A detached metal workshop serves as a repair shop and additional storage. The residential portion offers two bedrooms with closets, a full bath, and an open kitchen and living area. The property is outside city limits and the Austin ETJ, offering flexibility for development. Access is provided by a TXDOT curb cut from US-290, a side street entrance off Eitel, and a private gated entrance to the residence on Vikki Terrace. Water is available across the road, while the property utilizes a 930-foot deep well with a 5000-gallon holding tank and a booster pump and filter system. A traditional leach field septic system is in place. Electrical service is provided by one main meter with five sub-panels. This property offers endless possibilities for various business ventures and development projects, situated advantageously bordering the Highway 290 Expansion Project. The asking price is $2,500,000. Buyer to perform their own due diligence.
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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