4150 Us-290 Dripping Springs, TX 78620
This exceptional 30.32-acre tract boasts a prime location on Highway 290, just 4.5 miles east of Dripping Springs and approximately 16 miles west of downtown Austin. The property offers ±600 feet of highway frontage, enhanced by a 25-foot driveway providing convenient access. The land is relatively level in the front, transitioning to a gently sloping terrain in the south, which provides stunning Hill Country views. A tributary flows through the property's center. Currently utilized as a paintball course with one month-to-month tenant, the absence of zoning allows for diverse development opportunities. Utilities are readily available, including electricity and telecommunications, with a 20" waterline from the WTCPUA service area along Highway 290. Septic or an on-site sewer plant will be required. The property is served by Dripping Springs ISD. This unique offering presents a compelling investment opportunity, combining exceptional location, versatile usage potential, and breathtaking scenery. The asking price is $6,000,000.
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
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No recorded transactions found for this property.
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Risks
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