For Sale
$2,300,000

23490 Ranch Road 12 Driftwood, TX 78619

Texas Event Venue w/ Cabins

Overview

Added:
Dec 11, 2024
Days on market:
132
Exceptional investment opportunity: A 5,000 square foot event center situated on a 4.18-acre lot in Driftwood, Texas (78619). This property, located at 23490 Ranch Rd 12, boasts a substantial 5,000 square foot dance hall built on an 8-inch concrete slab supported by 40, 20-foot deep piers. The main building features 15 tons of air conditioning and 3-phase power. A 6,000-gallon retention tank is also present. The property includes five additional cabins, currently utilized as Airbnb rentals, providing supplemental income streams. The land itself offers a significant value proposition, with a price per square foot of $12.63. The property is serviced by a well and septic system. There is no permitted zoning. This versatile property presents a unique opportunity for various uses, including a music venue, wedding/event venue, industrial/warehouse space, or bar/restaurant. The high median household income in the nearby Dripping Springs area ($116,068 in 2023) indicates strong potential for success. This is a for-sale-by-owner property, priced at $2,300,000.

Highlights

  • High median household income in nearby Dripping Springs ($116,068 in 2023).
  • 5,000 SF dance hall with 15 tons of AC and 3-phase power; 8" concrete slab on 40, 20-foot deep piers; 6,000-gallon retention tank.
  • Five cabins generating supplemental income via Airbnb rentals.

Property Details for 23490 Ranch Road 12

Property type
Wedding venues, Retail properties
Square Feet
5,000 SF
Buildings
5
Lot Size (sq. ft)
182,081 SF

Location Insight

City
Driftwood
County
Hays
State
Texas
Latitude
30.1091432
Longitude
-98.0356087

FAQs

What type of property is this?
Wedding venue - Texas Event Venue w/ Cabins
Where is the wedding venue located?
The property is located at 23490 Ranch Road 12 Driftwood, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: High median household income in nearby Dripping Springs ($116,068 in 2023).; 5,000 SF dance hall with 15 tons of AC and 3-phase power; 8" concrete slab on 40, 20-foot deep piers; 6,000-gallon retention tank.; Five cabins generating supplemental income via Airbnb rentals.
How can I contact the broker?
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23490 Ranch Road 12
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