About 400 Old Hwy 290 Highway
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.
Amenities of 400 Old Hwy 290 Highway
| Utilities |
Electricity Connected, Phone Available, Water Connected
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| Parking |
Enclosed, Open, Off Street, Paved, On Site, Parking Lot
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Interior of 400 Old Hwy 290 Highway
| Interior |
Tile, Vinyl
|
| Heating |
Central, Electric
|
| Fireplace |
No
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Exterior of 400 Old Hwy 290 Highway
| Construction |
Cement Siding, Masonry, Concrete, Glass
|
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Data Provided By: David Foster, Broker(512) 751-1100. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from September 24th, 2026 at 3:50pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Map to 400 Old Hwy 290 Highway, Dripping Springs
