$14,500,000

22.71± Acres

Active

Hays County, TX

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400 Old Hwy 290, Dripping Springs, Texas

MLS ID: 9156164

Status: Active

Price: $14,500,000

Acres: 22.71±

Type: Development, Commercial

Address: 400 Old Hwy 290

City, State: Dripping Springs, TX

County: Hays County

ZIP Code: 78620

Lat/Long: 30.199973, -98.104698

Parcel Number: 1004150292000104

Year Built: 2001

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.

Directions: From downtown Dripping Springs at the intersection of 290 & 12, take 290 west, Right on Roger Hanks Pkwy, next left on Old Hwy 290. Gated entry on right. Property on the corner of Old Hwy 290 & Roger Hanks Pkwy.

Additional Information

Interior

Building Area Total: 18,060

Cooling: Central Air

Flooring: Tile, Vinyl

Heating: Central, Electric, Exhaust Fan, Fireplace(s), Hot Water, Separate Meters, Zoned

Exterior

Lot Size Source: Appraiser

Lot Size Square Feet: 989,378

Other Equipment: Dryer Connections, Electric Dryer Hookup, Washer Hookup

Other Structures: See Remarks

Parking Features: Asphalt, Gated

Parking Total: 26

Road Surface Type: PVD

Water Source: Public

Financial/HOA/Schools

Subdivision Name: Philip A Smith Survey

Zoning: CS - Commercial Zoning

Extra Information

Disclosures: Owner/Agent

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Chip Bubela

Schulenburg, Texas

(979) 743-4555

Interested? Contact Us Today About This Listing

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© 2025 Austin Board of REALTORS® Based on information submitted to the MLS GRID as of March 22, 2025 at 12:00:00 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listed By: David Foster of David Foster, Broker - (512) 751-1100

400 Old Hwy 290, Dripping Springs, Texas

Description

Additional Information

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Chip Bubela

Interested? Contact Us Today About This Listing

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