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$ 6,000,000
Est. payment /mo
Active
Address not disclosed
16,006 SqFt
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
County Hays
Zoning CS-Commercial Zoning
Interior
Heating Central, Electric
Flooring Tile, Vinyl
Fireplace No
Exterior
Utilities Available Electricity Connected, Phone Available, Water Connected
Total Parking Spaces 26
Building
Sewer Engineered Septic
Water Public
Structure Type Concrete,Glass,Masonry – Partial,Cement Siding
New Construction No
Others
Special Listing Condition See Remarks
Listed by David Foster, Broker