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Property Description
This gorgeous 16,006 SF 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 provider 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. This facility features 17 rooms, 22 Bathrooms (including 4 showers), a spacious dining room and kitchen, a large fitness room, as well as numerous meeting rooms, waiting areas, offices, and courtyards. 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. David Foster, Owner/Broker
Full Property Details
Full Property Details for 400 W Old Hwy 290
General
- Price: $24
- Status: Active
- Type: Commercial Lease
- Source: Austin_MLS
- MLS ID: 5886771
- Updated: 4/20/2026
- Added to Site: 4 day(s) ago
Business
- Business Type: Education/School
Rental Information
- Lease/Rent Term: Negotiable
- Lease Info: NNN
Interior
- Fireplace: Yes
- Flooring: Tile, Vinyl
Rooms
Other Rooms
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup
Additional Information
- Shared Amenities: Fitness Center
- Security/Safety: Security System, Fire Alarm, Fire Sprinkler System, Security Gate, Smoke Detector(s), Security Lights, Firewall(s)
Parking
- Total Spaces: 26
- Parking Features: Asphalt, Gated
Location
- Area: HD
- County: Hays
- Subdivision: Philip A Smith Survey
- Driving Directions: From downtown Dripping Springs at the intersection of 290 & 12, take 290 west, Right on Roger Hanks Pkwy, next left on Old Hwy 290. Gated entry on right. Property on the corner of Old Hwy 290 & Roger Hanks Pkwy.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Exhaust Fan, Electric, Fireplace(s), Hot Water, Separate Meters, Zoned
Utilities
- Sewer: Aerobic Septic
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, High Speed Internet Available, Phone Available, Water Connected
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: HardiPlank Type, Stone
- Stories/Levels: 1
- Square Feet: 16,006
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Medical/Dental, Mixed Use, Office, Place of Worship
- Year Built: 2001
- Year Built Source: Public Records
- Property Condition: See Remarks
Additional Structures
- Other Structures: See Remarks
Lot Features
- Property View: Pasture, Trees/Woods
- Lot Size (Acres): 4
- Lot Size (Sq. Ft.): 174,240
- Lot Size Source: Owner
- Lot Features: Trees Medium Size
Disclosures and Reports
- Documents Avail.: Aerial, Survey
- Legal Description: A0415 PHILIP A SMITH SURVEY, ACRES 19.21, (5.00 AC @ MKT) & A0415 PHILIP A SMITH SURVEY, ACRES 3.503
- Disclosures/Reports: Owner Is Listing Agent
- Property ID: 1004150292000104
Listed by David Foster, Broker
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Schools
Schools serving 400 W Old Hwy 290
School District:Dripping Springs Independent School District
| Name | Grades | Distance |
|---|---|---|
Walnut Springs Elementary School 113 Tiger Lane, Dripping Springs, TX 78620 | PK-5 | 0.6 mi |
Dripping Springs Middle School 111 Tiger Lane, Dripping Springs, TX 78620 | 6-8 | 0.8 mi |
Dripping Springs High School 940 W Hwy 290, Dripping Springs, TX 78620 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 400 W Old Hwy 290
Date
Details
Price
Change
Source
4/20/2026
Listed
$24
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 400 W Old Hwy 290
400 W Old Hwy 290, Dripping Springs, TX 78620 (MLS# 5886771) is a Commercial Lease property. 400 W Old Hwy 290 is currently listed for $24 and was received on April 20, 2026. Want to learn more about 400 W Old Hwy 290? Do you have questions about finding other Commercial Lease real estate for sale in Dripping Springs? You can browse all Dripping Springs real estate or contact a Coldwell Banker agent to request more information.

