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Investment Highlights

  • Fully Entitled Mixed-Use Development Opportunity
  • High-Visibility Highway 290 Frontage
  • Ideal for Retail Commercial, Multifamily, Townhome & Hotel Development
  • ±4.50-31.37 Acres | Divisible
  • Existing Horizontal Infrastructure in Place
  • 25 Minutes from Downtown Austin

Executive Summary

Avison Young is pleased to present the opportunity to acquire ±4.50 to ±31.37 acres of fully entitled development land with 778 feet of frontage along Highway 290 in Dripping Springs, TX. Located within the City of Dripping Springs ETJ in Hays County, the Property has a PDD in place featuring CS and GR zoning and is well suited for commercial, multifamily, and hotel development.
Existing horizontal infrastructure includes retaining walls, septic fields, and internal roads, providing meaningful time and cost savings for future developers. Positioned along one of the area’s primary growth corridors, the Property offers strong visibility, accessibility, and flexibility for a range of project sizes. Surrounded by continued residential and commercial growth and served by Hays CISD, the Property presents a rare development opportunity in one of the Austin MSA’s fastest-growing submarkets.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Hospitality
  • Apartment Units
  • Bank
  • General Freestanding
  • Hotel
  • Master Planned Community
  • Neighborhood Center
  • Office Park
  • Restaurant
  • Retail Warehouse
  • Schools
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
  • Supermarket
Total Lot Size 31.37 AC
Zoning CS & GR - PDD in place featuring CS & GR zoning

1 Lot Available

Lot

Lot Size 31.37 AC

Entitled development site offering ±4.50-31.37 acres. Divisible PDD-zoned property with Hwy 290 frontage, ideal for retail commercial, multifamily, townhome, and hotel development.

Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • R164842
  • R164843
  • R164847
  • R164841
  • R164845
  • R164839
  • R164844
  • R164846
Land Assessment
$1,662,976
Improvements Assessment
$0
Total Assessment
$1,662,976
  • Listing ID: 41302472

  • Date on Market: 7/15/2026

  • Last Updated:

  • Address: 1601 E US Highway 290, Dripping Springs, TX 78620

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