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Bianca Stringfellow

biancastringfellow@purerealty.com +1(512) 925-6228

$6,000,000

Est. payment - /mo

16,006 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type See Remarks

Listing Status Active

Purchase Type For Sale

Square Footage 16,006 sqft

Price per Sqft $374

Subdivision Phillip A Smith Survey

MLS Listing ID 2268955

Year Built 2001

Tax Year 2025

Lot Size 4.000 Acres

Acres 4.0

Property Sub-Type See Remarks

Source actris

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.

Location

State TX

County Hays

Area Hd

Zoning CS-Commercial Zoning

Interior

Heating Central, Electric

Flooring Tile, Vinyl

Fireplace N

Exterior

Utilities Available Electricity Connected, Phone Available, Water Connected

Accessibility Common Area, Electronic Environmental Controls, Enhanced Accessible, Accessible Hallway(s), Visitor Bathroom

Total Parking Spaces 26

Building

Sewer Engineered Septic

Water Public

Structure Type Concrete,Glass,Masonry – Partial,Cement Siding

New Construction No

Others

Restrictions City Restrictions,Covenant,Zoning

Acceptable Financing Cash, Conventional, Owner May Carry, SBA

Listing Terms Cash, Conventional, Owner May Carry, SBA

Special Listing Condition See Remarks

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Listed by David Foster, Broker • David Foster

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Bianca Stringfellow

+1(512) 925-6228

Address not disclosed Dripping Springs, TX 78620

Bianca Stringfellow

Key Details

Location

Interior

Exterior

Building

Others

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