23490 Ranch Road 12 Driftwood, TX 78619
- Commercial real estate
- 2.58 lot acres
Current Use by Public Records
- Mercer Dancehall / Bar / Dance Hall
Property Details for 23490 Ranch Road 12
- Lot size
- 2.58 lot acres
- Property type
- Commercial real estate
- APN
- R13375
- APU
- R13375
Description
Exceptional investment opportunity: A 5,000 square foot event center situated on a 4.18-acre lot in Driftwood, Texas (78619). This property, located at 23490 Ranch Rd 12, boasts a substantial 5,000 square foot dance hall built on an 8-inch concrete slab supported by 40, 20-foot deep piers. The main building features 15 tons of air conditioning and 3-phase power. A 6,000-gallon retention tank is also present. The property includes five additional cabins, currently utilized as Airbnb rentals, providing supplemental income streams. The land itself offers a significant value proposition, with a price per square foot of $12.63. The property is serviced by a well and septic system. There is no permitted zoning. This versatile property presents a unique opportunity for various uses, including a music venue, wedding/event venue, industrial/warehouse space, or bar/restaurant. The high median household income in the nearby Dripping Springs area ($116,068 in 2023) indicates strong potential for success. This is a for-sale-by-owner property, priced at $2,300,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Driftwood
- County
- Hays
- State
- Texas
- Longitude
- -98.0877
- Latitude
- 30.1403
- CBSA code
- 12420
- CBSA name
- AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
