Seller Financing
Address
Not Disclosed, Dripping Springs, TX
Price
$ 6,000,000

Your Agent

Queen Matthews

Queen Matthews

Managing Broker

346-258-4432

Property Attributes
  • MLS#2268955
  • TypeCommercial
  • Listing Status Active
  • CountyHAYS
  • CityDripping Springs
  • AreaHD
  • NeighborhoodPhillip A Smith Survey
  • Zip78620
  • Style
  • Year Built2001
  • Taxes$ 33722
  • Price$ 6,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage16006
  • Lot Size4 Acres
Data Source:
Austin Board of REALTORS® (ABOR) as distributed by MLS GRID
Property Description

This property was originally used as a memory care facility with all the appropriate ADA accommodations. This listing includes 4 acres, but additional acreage can be sold with it. The build-out of this facility is attractive with a stunning entryway, lovely covered patios, courtyards, and several shared community areas. 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. Previous consultant indicated that this facility could accomodate 30+ beds for a memory care center with slight modification. At today's rates, that could bring $300K per month of gross revenue. This is beautiful acreage with many mature oaks right in the heart of booming Dripping Springs, near Austin. It could be used for assisted living, memory care, rehab, a mini-hospital, an office, a wellness center, a lab, or other uses. There are so many opportunities for significant gain for the right buyer with this property. Dripping Springs is growing rapidly, having doubled in size over the past 5 years. Several large housing developments have gone in or are under construction in the near area. Being close to Austin, the buyer's clientele could come from Austin and other surrounding areas. The entire 22.7 acres is available for $13,900,000. For the purchase of the entire property, the seller is willing to owner-finance at an attractive rate with 40% down payment.

Price History
5/21/2026 Listed $6,000,000

General Features

Sewer Engineered Septic
Heating Central,Electric
Utilities Electricity Connected,Phone Available,Water Connected
Zoning CS-Commercial Zoning
Construction Materials Concrete,Glass,Masonry – Partial,Cement Siding
Year Built 2001
Topography Gently sloping,mostly flat
Property Subtype See Remarks
Tax Year 2025
Current Use Vacant
Accessibility Common Area,Electronic Environmental Controls,Enhanced Accessible,Accessible Hallway(s),Visitor Bathroom
County Hays
New Construction No
Property Type Commercial Sale
Subdivision Name Phillip A Smith Survey
Building Features Computer Ready,Firewall(s),Fixtures,Furniture,Kitchen Equipment,Living Area,Office Equipment,Public Restrooms,Receptions Room,Showers - Plant,Washer Connections,Washer/Dryer Connections
Other Structures None
Status Active
Directions RR 12 south to Right on Roger Hanks Parkway,Right on Old Hwy 290. The first driveway is 400 Old 290 - the facility is
City Dripping Springs
Disclosures Owner/Agent
MLS Area HD
Lot Size Square Feet 174240
Property Condition Updated/Remodeled
Additional Parcels Y/N No
Leasable Area 16006
Lease Type None
Standard Status Active
Year Built Source Public Records

Interior Features

Flooring Tile,Vinyl

Exterior Features

Parking Features Enclosed,Off Street,On Site,Open,Parking Lot,Paved
Water Source Public
Total Parking 26
Number of Buildings 1
Building Area Total 16006
Lot Size Acres 4
Lot Size Source Owner
Waterfront Y/N No
Other Equipment See Remarks
Horse Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 78620

Price
AVG $2.12M
$6M
Taxes
AVG $15,546
$33,722
Year Built
AVG 1997
2001
Visits
AVG 137
19
Data Provided by Inside Real Estate®

Your Agent

Queen Matthews

Queen Matthews

Managing Broker

346-258-4432

Listed By
David Foster, Broker;

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