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    FOR SALE
    Assisted living facilities

    400 Old Highway 290 Dripping Springs, TX 78620

    16,006 SF Built 2001
    Property ID
    US82-Q087521
    400 Old Highway 290, Dripping Springs, TX 78620 For Sale 1 / 34
    $6,000,000 16,006 SF
    400 Old Highway 290, Dripping Springs, TX 78620
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    A fantastic opportunity - in the middle of Dripping Springs, TX, just outside Austin, TX. This former memory care facility is located very near Dripping Springs High School. It's gated entrance is on Old Hwy 290 a short distance from Highway 290, & Roger Hanks Parkway. It's prime, central location is ideal for visibility and brand building/recognition. The property lies on beautiful acreage with many mature oak trees and pastoral views, right in the middle of town! The facility has an impressive, artfully designed reception area, 3 building wings with 17 guest/client rooms, 22 restrooms, 4 showers, several offices, a large dining room and kitchen, raised herb gardens, several covered patios, an attached apartment and an attractive courtyard, especially when the rose bush is blooming.! A large exercise room, a nook for a client beauty salon, a large activity room, a medicine room, great natural light from large windows. The seller is willing to expand the acreage included, perhaps to include access to Roger Hanks Parkway, directly across from Dripping Springs High School - please inquire. Seller is also willing to owner finance. Please see the Proforma data provided. The 22.74 acre larger site that is available for sale could be used to create a multi care level campus with retail & services for residents. This site as listed here offers a great opportunity for serving a growing niche in the market. The facility could be used for assisted living, memory care, rehab, a mini-hospital, an office, a wellness center, a lab, or other uses . Broker/Owner David Foster

    Property profile
    Verified
    Property type Assisted living facilities
    Year built 2001
    Total area 16,006 SF
    UPID US82-Q087521
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    Priority signal for investors
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    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
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