400 Old Hwy 290 Dripping Springs, TX 78620

Listing details for 400 Old Hwy 290, Dripping Springs, TX 78620 : 22.7 acres comprised of 2 lots directly across from Dripping Springs High School, with an incredible approximate 2,700' combined frontage on the new Roger Hanks Parkway extension linking busy RR 12 to bustling Hwy 290, and along Old U.S. 290. There is city water on the property. The facility and house are on septic. The property has 63 LUEs assigned by the city, with a potential for 30 additional LUEs once the city sewer reaches it. There is a well-built 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 feet of frontage in very central Dripping Springs. The seller was approached by a popular hospital to build-to-suit a physical rehab center along Roger Hanks. This could be a winning option for a section of the frontage, but many options are possible. Owner/Broker.