— bed, — bath on 1.03 acres in Dripping Springs. Dripping Springs, TX 78620. $2,400,000.
About This Home
Prime commercial opportunities in the heart of Dripping Springs are becoming increasingly difficult to find. Ideally positioned along Ranch Road 12 adjacent to Home Depot and just moments from the Highway 290 intersection, this highly visible commercial property offers exceptional flexibility for owner-users, investors, and future redevelopment alike. The property benefits from CS zoning, one of the area's most versatile commercial zoning classifications, allowing for a broad range of professional, retail, medical, hospitality, and service-oriented uses. Even more valuable, the City has already approved plans for a new 24-space parking lot, significantly reducing time and expense for a future owner while expanding the property's long-term potential. The existing improvements are well suited for professional offices, medical, financial services, real estate, architecture, engineering, insurance, therapy, technology, and numerous other commercial users. Alternatively, the property's location and zoning make it an outstanding candidate for a boutique coffee shop, wine bar, café, restaurant, retail concept, or other destination business serving the rapidly growing Dripping Springs community. Located in one of the fastest-growing markets in Central Texas, the property provides outstanding access to Austin, Bee Cave, Driftwood, Wimberley, Kyle, and Buda while benefiting from the continued growth of the Highway 290 corridor. Whether you're looking to establish your headquarters, generate investment income, or create one of Dripping Springs' next landmark commercial destinations, opportunities with this combination of location, zoning, approvals, and future potential are exceptionally rare.
27320 Ranch Road 12 stands out for one reason first: a 1.034-acre commercial office site in central Dripping Springs priced at $2.38 million, directly next to Home Depot and just south of the U.S. 290 and Ranch Road 12 intersection. At 27320 Ranch Road 12 in Dripping Springs, you are buying visibility, access, and flexibility in one of the fastest-moving commercial corridors in Hays County.
This is a 2013-built Commercial Sale - Office property in Dripping Springs, TX 78620 with 832 days on market, which makes the setup easy to study from both an owner-user and investment angle. The building square footage is not provided in the source data, so price per square foot cannot be calculated from the listing details available here. What is clear is the land value, frontage profile, and location logic. Ranch Road 12 is one of the main north-south routes through Dripping Springs, and U.S. 290 is the road that connects this stretch of town back toward Austin while also pulling traffic from Driftwood, Wimberley, Kyle, and Buda. For a business that depends on convenience, repeat visits, and local recognition, that matters every day.
The setting works for a wide range of office and service uses. Legal, mortgage, wellness, design, medical-adjacent, therapy, financial services, and specialty hospitality concepts all fit the market story here. The site benefits from mature trees and established landscaping, which softens the commercial feel without compromising access. High-speed internet is a practical advantage, not a throwaway line, especially for firms serving clients across Hays County and the southwest Austin growth corridor. The nearby Home Depot adds steady daily traffic and an easy mental landmark for customers. The U.S. 290 and Ranch Road 12 crossroads put this address close to the retail spine of Dripping Springs and within quick reach of downtown businesses, neighborhood rooftops, and future commercial growth.
Because this is a commercial office asset, residential school attendance and school ratings are not a core factor in how the property is evaluated, and no school assignment is listed in the source data. What buyers should focus on instead is use case, frontage, lot size, year built, and regional draw. In Dripping Springs, strong commercial corners do not come around often, and they tend to gain relevance as population, rooftops, and business demand keep moving west. This address is positioned to benefit from that long runway.
The numbers behind this insight
- Offered at
- $2,400,000
- Listed
- December 5, 2023
Keenan Luxury Market Index: $2M-$3M single-family homes across the Austin area sold at a median $601 per sq ft over the trailing 12 months (383 sales), as of October 22, 2026.
- Property Type
- Commercial Sale
- Year Built
- 2013
- Lot Size
- 1.03 acres
Listing information last updated August 4, 2026.
Listed by Friedman Real Estate, Inc.
MLS# 3175362 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Carpet
- Tile
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Hardi
- Plank Type
- Lot Size
- 1.03 Acres
- On Site
- Outside
Financial
- Original List Price
- $2,375,000
Utilities
- Electricity Connected
- High Speed Internet
- Phone Available
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 27320 Ranch Road 12, whoever represented it.
- ActiveListed 2023Current price: $2,400,000Original list: $2,375,000MLS 3175362
- Price changed · July 6, 2026$2,400,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Explore this area
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $2,400,000
- Original list
- $2,375,000
- Price movement
- No verified reduction
- Listed / DOM
- Dec 5, 2023 · 1,052 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $633,460
- Assessment Year
- 2025
- Year Built
- 2003
- Parcel ID
- 10-0415-0153-00000-4
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $633,460 | $457,170 | $176,290 |
District Schools Nearby
Dripping Springs High School
Sycamore Springs Middle School
Rooster Springs Elementary
Cypress Springs Elementary
Sycamore Springs Elementary
Walnut Springs Elementary
District context schools are shown because address-level assigned school fields are not available for this property. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($480K)
Adjustable assumption - not a lending recommendation.
$2,400,000
Luxury property intelligence
Keenan Market Position
A sourced read on Dripping Springs pricing, timing, and property scale. No automated valuation claim.
List price
$2,400,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
1,052 days
Original to current
No verified reduction
$2.4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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