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- LoopNet Team
1000 Hwy 290W
Dripping Springs, TX 78620
Land For Sale
·
11.23 AC
INVESTMENT HIGHLIGHTS
- #1 FASTEST GROWING COUNTY IN US
- $150k Average Household Income
- Direct Beneficiary of $674 Million Highway Project Connecting Directly to Downtown Austin
- 13,000 Recent or Under Construction New Homes (retail/office/medical/automotive/hospitality have lagged way behind)
- High Traffic Location 21,739 VPD with 2 intersections on Hwy 290
- 60% Population Growth over the Past 10 years.
PROPERTY FACTS
DESCRIPTION
11.23 ACRE PRIME DEVELOPMENT COMMERCIAL TRACT with Highway 290 frontage in the HEART OF DRIPPING SPRINGS. Perfectly located along the explosive growing Austin / Dripping Springs Hwy 290 Corridor. Virtually unmatched growth with 60% population growth over the past decade -- THE #1 FASTEST GROWING COUNTY IN THE U.S. An additional 13,000+ AFFLUENT NEW HOMES recently completed or currently under development nearby. Residential development has exploded, but retail/office/commercial services have not remotely kept up. This location is also very well positioned to benefit from the $674 MILLION OAK HILL PARKWAY project under construction. This will transform a 4-lane road to a 12-lane highway -- eliminating 12 stop lights -- and will create an express conveyor from the Dripping Springs area directly to downtown Austin -- a tremendous catalyst for further accelerated growth. No impervious cover restrictions (100% coverage permitted).
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $98,080 | |
| Land Assessment | $4,073,200 | Total Assessment | $4,171,280 |
PROPERTY TAXES
