4215 Us-290 Dripping Springs, TX 78620
This exceptional 20.71-acre commercial land parcel presents a unique investment opportunity in the rapidly growing Dripping Springs, Texas market. Boasting prime highway frontage on US-290 and proximity to the proposed Dripping Springs Loop, this property offers unparalleled access to the bustling Austin-Dripping Springs corridor. The location benefits significantly from ongoing major highway projects, including the $674 million Oak Hill Parkway Highway and the Hwy 290 expansion, promising increased connectivity and accessibility. The property's strategic position within Hays County, the fastest-growing county in the US, is further enhanced by the presence of over 13,000 recently completed or currently under-development affluent homes. This translates to a robust and expanding consumer base. The land is ideally suited for a variety of commercial uses, including a travel center or other ventures capitalizing on the area's explosive growth. Currently enjoying an agricultural exemption, resulting in low taxes, this aggressively priced property represents a compelling investment opportunity. The stunning Hill Country views add to its desirability. Located at 4215 US-290, Dripping Springs, TX 78620, this property is zoned for commercial, industrial, and residential uses. The asking price is $2,495,000. Broker co-op is available.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.