28000 Ranch Road 12, Dripping Springs, TX 78620 (MLS # 4466164)

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PRICE $4,305,000 dsIDX morgage calculator
SIZE n/a
LOT SIZE n/a

100% Leased, single tenant. 8% Cap rate. $12/ft absolute net 38 month lease with 2- 2 YR options for renewal. Annual NOI $344,400, $28,700/month. Main building is the old Dripping Springs Hardware store, was renovated in 2008. It is 20,7000 sqft w/ approx 4000 sq ft showroom/office with HVAC, & the remainder is 2 story warehouse/ production space. Addl building was built in 2017, 8000 sq ft w/24 ft high ceilings & adjustable lift loading docks. Unique property with strong redevelopment potential.

LAST UPDATED 6/23/2018 TRACT Philip A Smith Surv 26
YEAR BUILT 0 COMMUNITY Philip A Smith Surv 26
COUNTY Hays STATUS Active
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA Dripping Springs/Wimberley
BASEMENT Slab
HEAT Central Heat
LOT DESCRIPTION Corner Lot
PARKING Common
SEWER City on Property
SUBDIVISION Philip A Smith Surv 26
TAXES 19829.00
UTILITIES Electricity on Property
WATER City
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Property listed by Burt Dement, Realty Austin
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 11/17/18 6:01 PM PST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

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