$450,000
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2 SqFt
SOLD DATE : 06/27/2024
Key Details
Property Type Commercial
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2 sqft
Price per Sqft $225,000
Subdivision A0415 Philip A Smith Survey
MLS Listing ID 6471902
Sold Date 06/27/24
Originating Board actris
Year Built 1990
Annual Tax Amount $1,565
Tax Year 2023
Lot Size 2.370 Acres
Property Description
In the heart of central Dripping Springs lies a vast parcel of land ripe for development and investment. Despite its current SF1 zoning, neighboring properties are shifting towards Multifamily zoning, indicating potential for versatile use. The property includes a mobile home of minimal value but offers an expansive canvas for ambitious ventures, supported by essential utilities like PEC power, septic, and DS Water Corp water. With prominent frontage on Creek Road, it enjoys prime positioning in a rapidly gentrifying locale, promising future appreciation. The seller is open to leaseback arrangements post-sale. A property survey is unavailable. Beyond its tangible features, the property symbolizes transformation and prosperity. As Dripping Springs evolves, it beckons investors and developers to shape its future. With foresight and diligence, this land offers a chance to leave a lasting mark on central Dripping Springs. In essence, this property embodies potential and opportunity. Possible re-zoning to SF-4 or lot subdivide for premium home sites. Please contact the City of Dripping Springs Planning Department to verify potential uses for the property.
Location
State TX
County Hays
Zoning SF-1 Currently. Possible re-zoning to SF-4 or lot subdivide for premium home sites.
Interior
Heating Electric
Cooling Electric
Flooring See Remarks
Fireplace N
Exterior
Utilities Available Electricity Connected, Phone Connected
View Hill Country
Accessibility None
Total Parking Spaces 10
Building
Story 1
Foundation Pillar/Post/Pier
Sewer Septic Tank
Water Public
Structure Type HardiPlank Type
New Construction No
Others
Restrictions Zoning
Acceptable Financing Cash, Conventional
Tax Rate 1.6818
Listing Terms Cash, Conventional
Special Listing Condition Standard
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