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400W 290 & Roger Hanks Parkway

22.7 Acres of Commercial Land Offered at £11,357,850 in Dripping Springs, TX 78620

Investment Highlights

  • 22.7 acres very centrally located in Dripping Springs, TX, directly across from the high school.
  • 63 LUEs allotted when city sewer reaches property, with the possibility of 30 add'l LUEs. Facility currently on septic. City water to property.
  • Gorgeous well built assisted living / medical / office/school 16006 SF facility vacant, plus a leased 2054 SF house and metal building,
  • Approximately 2700' of frontage! Roger Hanks Pkwy and Old Hwy 290
  • Roger Hanks Pkwy now connects RR 12 to U.S. 290 - significant traffic count along the 2700' frontage
  • Dripping Springs is BOOMING and just on the outskirts of Austin.

Executive Summary

22.7 acres 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 which was recently vacated by a private school. The facility was formerly used as a memory care center. 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 for 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.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per AC
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per AC $9.99
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $99,999
Annual Per AC $9.99

Property Facts

Price £11,357,850
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Hospitality
  • Apartment Units
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Community Centre
  • Healthcare
  • Hold For Development
  • Hotel
  • Medical
  • Motel
  • Rehabilitation Centre
  • Religious Facility
  • Restaurant
  • Schools
  • Service Station
  • Storefront, Retail or Office
  • Strip Centre
  • Theater or Concert Hall
Total Lot Size 22.70 AC

1 Lot Available

Lot

Price £11,357,850
Price Per AC £500,346
Lot Size 22.70 AC

22.7 acres. Hays County Prop ID R99966 & R99956. Directly across from Dripping Springs High School. Extensive frontage, approximately 2700'. See the survey attached. Prime development property, given the location, frontage, and lay of the land.

Description

22.7 acres 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 which is newly vacated by a private school. The facility was formerly used as a memory care center. 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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • R99956
  • R99966
Land Assessment
£2,397,791 (2024)
Improvements Assessment
£894,074 (2024)
Total Assessment
£1,423,985 (2024)
Annual Taxes
-£1
Tax Year
2023

zoning

Zoning Code Commercial
Commercial
  • Listing ID: 27725430

  • Date on Market: 10/02/2023

  • Last Updated:

  • Address: 400W 290 & Roger Hanks Parkway, Dripping Springs, TX 78620

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