22599 Ranch Road 12
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22599 Ranch Road 12
4.59 Acres of Commercial Land Offered at $3,182,220 CAD in Dripping Springs, TX 78620
Investment Highlights
- Dual access corner lot with 260' of Ranch Road 12 frontage and 729' of KC Memory Lane access.
- Water well, large residential septic, rain water collection
- Dual purpose lot with successful residential airbnb on back acre and out of Dripping Springs ETJ for front 3.6 acre new development.
Executive Summary
Rare commercial and residential/airbnb opportunity on this expansive 4.6-acre tract, strategically located outside of the Dripping Springs ETJ so any permitting for development is only through Hays County. This property is located on the corner of KC Memory Lane and Ranch Road 12 offering dual access through ranch road 12 and KC Memory Lane. Utilities include a water well, PEC Electricity, rain water collection and a large residential septic system. The survey has the 4.59 acres divided into two tracts. Tract one is a square acre around the house on the back portion of the lot opposite of Ranch Road 12. The current residential acre has a primary and guest home totaling 4,118 square feet with a swimming pool and pool cabana. This is currently being utilized as a Vrbo/airbnb. This could continue to operate as an airbnb and basically cover the expenses of the entire 4.6 acres during the development of the front 3.6 acres (tract two). Conveniently located 4.8 miles from downtown dripping springs, 10 miles to Wimberley and 25 miles to downtown Austin. Ghost Note Brewery is two driveways down, Driftwood Vineyards, Twisted X Brewery and Salt Lick Barbecue are a few minute drive away.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
| Price | $3,182,220 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.59 AC |
| Price | $3,182,220 CAD |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.59 AC |
1 Lot Available
Lot
| Price | $3,182,220 CAD | Lot Size | 4.59 AC |
| Price Per AC | $693,294 CAD |
| Price | $3,182,220 CAD |
| Price Per AC | $693,294 CAD |
| Lot Size | 4.59 AC |
This lot is unrestricted and out of Dripping Springs ETJ. Any permitting or approvals only need to go through Hays county. The lot is a dual access corner lot with 260' of Ranch Road 12 frontage and 729' of KC Memory Lane access.
Description
Also willing to subdivide the Front 2.25 acres with all of the rancho 12 access and easement rights on kC memory lane. Corner lot with dual access.
zoning
| Zoning Code | none (This property is outside of the Dripping Springs ETJ all zoning and permitting requirements for development are only through Hays County.) |
| none (This property is outside of the Dripping Springs ETJ all zoning and permitting requirements for development are only through Hays County.) |
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22599 Ranch Road 12
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