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400 Old Highway 290
Dripping Springs, TX 78620 Hill Country

$32,012 USD/MO

Assisted Living For Lease  •  16,006 SF

Property Details

  • Property Type Assisted Living
  • Year Built 2001
  • Total Building Size 16,006 SF
  • Building Class B
  • Zoning CS
30 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Flex 16,006 SF $24.00 USD/SF/YR 
This gorgeous 16,006 SF building is available for lease along with 5 surrounding acres. The facility sits on a bigger, 22.7 acre lot, directly across from Dripping Springs High School along Roger Hanks Pkwy. The building has previously been leased to a memory care facility and more recently a private school. It would be well suited for assisted living, memory care, rehab, mini-hospital, office, wellness center, private school, church, 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. The lease will be NNN, with a base rent of $24/SF/Yr. The property is on city water and aerobic septic. The beautiful acreage is home to deer and other wildlife right in the heart of booming Dripping Springs, near Austin. More of the land may be available as a part of this lease, or separate, subject to negotiation. Owner/Agent

  • Date available: Now
  • Lease term: 1 - 10 Years
  • Service type: Triple Net
  • Space Type: Relet

Description 

FOR LEASE OR SALE. This 16,006-square-foot building is available for lease, including approximately 4 acres on which the facility is situated. The facility sits on a 22.7-acre lot, directly across from Dripping Springs High School, along Roger Hanks Parkway. The building was previously leased to a memory care facility and later a private school. It would be well-suited for assisted living, memory care, rehab, mini-hospital, office, wellness center, private school, church, or other uses. This facility features 17 guest / resident rooms (30+ beds possible), 22 bathrooms (including 4 showers), a spacious dining room and kitchen, a large fitness room, and numerous meeting rooms, waiting areas, offices, and many covered patios and a courtyard. 

The lease will be NNN, with a base rent of $24/SF/Yr. The property is serviced by city water and an aerobic septic system. The beautiful acreage is home to deer and other wildlife, situated right in the heart of booming Dripping Springs near Austin. Additional land may be available as part of this lease or separately, subject to negotiation. 

This facility is also for sale along with 4 to 22.7 acres. See broker for pricing.

David Foster, Owner/Broker

Highlights

Very nice 16,006 SF facility in Dripping Springs, a booming suburb of Austin
16 guest rooms (30+ beds possible) plus many bonus rooms, office, huge kitchen, dining, exercise room, 1 bed 1 bath apt with large living and kitchen
Potential $300K+ Gross Monthly Revenue. 30+ residents possible for memory care and assisted living according to consultants
Office, health care, rehab, academics, religious assembly are also great options for this facility
Lease includes 4 acres on which the facility is situated
Directly across Roger Hanks Parkway from Dripping Springs High School

Property Flyers

Public Transportation

AirportDriveWalkDistance
Austin-Bergstrom International 49 min - 30.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 26
Type: Surface
Included in Rent: Yes
David Foster 512-751-1100 David Foster
David Foster 512-751-1100 David Foster