$14,500,000 for Sale

400 w us-290, dripping springs, TX 78620

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Property Description
22.7 acres comprised of 2 lots directly across from Dripping Springs High School with an incredible approximate 2 700' combined frontage 1) on the new Roger Hanks Parkway extension linking busy RR 12 to bustling Hwy 290 and 2) along Old U.S. 290. There is city water on the property. The facility and house are on septic. The property has assignments from the city of 63 LUEs with a potential of 30 additional LUEs once the city sewer reaches it. There is a gorgeous 16 006 SF facility recently vacated by a private school. The facility was formerly used as a memory care center so it could be used for assisted living memory care rehab mini-hospital office wellness center or other. This facility has 17 rooms 22 bathrooms (including 4 showers) a large dining room and kitchen a large fitness room plus many meeting rooms waiting rooms offices and courtyards. This beautiful acreage is home to deer and other wildlife right in the heart of booming Dripping Springs near Austin. The seller maintains a wildlife tax exemption. The property is zoned commercial and could potentially be used as multi-family. This property also includes a 2054 SF house which is leased to a private school and a large metal building with an office. This property is optimally located with 22.7 acres and approximately 2 700' of frontage in very central Dripping Springs. The seller was once approached to build-to-suit a physical rehab center along Roger Hanks by a popular hospital. This could be a winning option for a section of the frontage but many options are possible. Owner/Broker.
General Information
Sale Price: $14,500,000
Price/SqFt:
Status:
MLS#: 555578
City: dripping springs
Post Office: dripping springs
County: Hays
Acres: 19.21
Lot Dimensions: -
Size:
Acreage: 19.21 est.
Year Built: 2001
Property Type: Commercial Sale
Style:
Community/Association Features

Tax, Fees & Legal
Est. Summer Taxes:  $0
Est. Winter Taxes:  $0


Information provided by Central Texas MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Listing By: David Foster of David Foster Broker, Phone: (512) 751-1100
(512) 699-2116 Call Faith Zimmerman for more information about this property.

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