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519 Old Fitzhugh Rd

2.9 Acres of Commercial Land Offered at $1,449,000 in Dripping Springs, TX 78620

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Investment Highlights

Up and coming high traffic/ high commerce area
Lots of development potential

Most of lot is essentially a blank slate

Executive Summary

Incredible opportunity for commercial development just a short walk from the heart of historic downtown Dripping Springs, one of the fastest growing communities in Central Texas. With the revitalization plan of the Old Fitzhugh/Mercer corridor the city projects to start in 2025, this property is at the forefront of what is sure to soon become some of the most sought after real estate in Dripping. The lot is a total of 2.9 acres boasting huge oak trees and native grasses. It is currently zoned Commercial-LR and on city water and waste water with 2 LUE’s. Flood plain study and Certificate of Appropriateness from Historic Preservation Commission have recently been completed for the development of a tasting room and/or restaurant. The possibilities are endless on this stunning tract of land in downtown Dripping Springs.

519 OFR Flyer

Property Facts

Price	$1,449,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Office Mixed Use Multifamily Restaurant
No. Lots	1	Total Lot Size	2.90 AC
Property Type	Land

Price	$1,449,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Mixed Use Multifamily Restaurant
Total Lot Size	2.90 AC

1 Lot Available

Lot

Price	$1,449,000	Lot Size	2.90 AC
Price Per AC	$499,655

Price	$1,449,000
Price Per AC	$499,655
Lot Size	2.90 AC

Approximately 150 ft of Old Fitzhugh Rd frontage. Back of lot is heavily wooded and is a great blank space for numerous types of development. Front of property has a 1930s farmhouse that can be remodeled/updated for rent or business operations.