Spacious kitchen featuring extensive wood cabinetry, professional-grade stainless steel appliances, a large center island with cooktop, double wall ovens, and dual basin sink
Commercial-grade kitchen space featuring multiple stainless steel refrigerators, wood cabinetry, a large sink with a gooseneck faucet, and durable tiled flooring
Spacious room featuring light wood-finish cabinetry, dark countertops, and a built-in sink
Open concept common area featuring wood-finish flooring
Spacious common area featuring wood-finish flooring, multiple large windows, recessed lighting, and a neutral wall color
Central reception area featuring a stone-clad desk with a wood top, wood-finish flooring, recessed lighting, and wall-mounted sconces
Spacious open area featuring extensive built-in cabinetry with dark countertops, stone-clad pillars, and wood-finish flooring
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.
Details
MLS #
2268955
Listing Type
For Sale
Style
See Remarks
Sub-Type
Resale
Status
Active
Year
2001
Days On Site
117
Listing Provided By
David Foster, Broker | David Foster
Features
SQ Feet
16,006
Building(s)
1
Zoning
CS-Commercial Zoning
Acreage
4.00
Interior
Heating
Central, Electric
Flooring
Tile, Vinyl
Exterior
Topography
Gently sloping, mostly flat
Construction Materials
Concrete, Glass, Masonry – Partial, Cement Siding
Parking
Parking Features
Enclosed, Off Street, On Site, Open, Parking Lot, Paved
Utilities
Utilities
Electricity Connected, Phone Available, Water Connected
Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of September 14, 2026 at 8:22:04 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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