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$2,250,000

4002 E Highway 290, Dripping Springs, TX, 78620

On MarketInfo
CommercialInfo
Baths5,000 Sq Ft
BusinessBusiness
price_per_sqft$450 / sqft
Year BuiltBuilt in 1997

Highlights

Interior

Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringConcrete

Exterior

Lot Size1.57 acres

Building Information

Year Built1996
Roof Type112

Land Information

APNR44784
Lot Number2
SubdivisionSunset Canyon Sec Ii-C
Land UseCommercial
Legal DescriptionSUNSET CANYON SEC II-C LOT 2 1.573 AC TAX CODES:RSP,SDS
Census Tract010806
Assessed Land Value$1,242,110
Assessed Improvement Value$178,484
Assessment Year2025

About this property

An exceptional opportunity to acquire one of the Texas Hill Country’s most distinctive commercial properties along the highly desirable Highway 290 corridor in Dripping Springs. Situated on approximately 1.573 acres with outstanding highway visibility and approximately 35,703 vehicles passing daily (2024 TxDOT AADT), this remarkable property offers exceptional exposure, timeless character, and incredible flexibility in one of Central Texas’ fastest-growing commercial markets. Originally handcrafted in 1997 using environmentally conscious building practices, the approximately 5,000-square-foot building features a durable metal frame and roof, straw bale and stucco construction for natural insulation, concrete floors, and a 40,000-gallon rainwater collection system. Towering oak and juniper trees create an inviting outdoor setting ideal for patios, food trucks, outdoor dining, special events, community gatherings, or future expansion. Located in the Dripping Springs ETJ with West Travis water available at the site, Aquadrip septic, propane, Pedernales Electric, and approximately 28–30 on-site parking spaces, this property is well suited for a wide variety of commercial uses. Ideal for a restaurant, brewery, winery or tasting room, coffee house, food truck venue, event center, wellness or medical practice, professional offices, coworking space, boutique retail, art gallery, educational facility, nonprofit headquarters, or a one-of-a-kind destination business. Positioned near Belterra Village, H-E-B, Home Depot, established neighborhoods, and where the future Target store is currently under development, this property is exceptionally positioned to benefit from continued commercial investment and population growth along the Highway 290 corridor. Whether you’re an investor, owner-user, or visionary entrepreneur, this is a rare opportunity to establish a landmark destination in one of the Texas Hill Country’s most dynamic and rapidly expanding commercial corridors.

Investor Tools

Property Icon
$1,420,594
Estimated Property Value
$795,900Estimated Mortgage Balance
$783,413Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,500 /month
Positive
Cash Flow Estimate:
$4,500 /month

Interested in this property?

Susannah Davis

Tower Commercial

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,334/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,906
$1,420,594
2025
$1,242,110
$178,484
$1,420,594
No

Tax History

Year
Tax Paid
Assessed Value
2024
$20,906
$1,420,594

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Commercial
$795,900
No
First
Jan 9, 2017
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$643,829
$776,765
54%
45%
$4,772/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Dripping Springs

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4002 E Highway 290 | Property Details | No Agent List