1001 Wallace Blvd - Health Care FOR SALE


Amarillo, TX 79106
$3,000,000 USD
806-373-3111
1001 Wallace Blvd, Amarillo, TX for Sale
$3,000,000 USD
Health Care - FOR SALE
1/5
null | Request Cap Rate

1001 Wallace Blvd
Amarillo, TX 79106


HIGHLIGHTS

  • Located in the Harrington Regional Medical Center in Amarillo, TX.
  • Access and visibility are ideal with entrances off of Killgore Dr. and Wallace Blvd.

OVERVIEW

1001 Wallace is a vacant Class B former healthcare facility previously providing long term care and rehab. This is a non-licensed, non-operating facility. Consists of the 102,953 sq. ft. ground floor plus a large basement, housing the mechanical equipment. The basement is not included in the square footage. There is also a 650 sf garage used for storage. While most of the facility is in good working order, there are portions that require improvements and servicing. There are a total of 110 rooms: 91 singles, 18 doubles, and 1 triple. In addition, there are several administration offices, meeting rooms, a laundry facility, commercial kitchen with vent hoods and walk-in's, cafeteria, and a small chapel. The building has an overhead fire suppression system and (2) 200 ton chillers installed in 2025. Property is deed restricted to allow for the following uses: "hospitals and related purposes to include hospital, medical, educational research, long and short-term health care facilities, and all matters, activities, and services properly, necessarily, and reasonably incidental and related thereto". Proposed facility use outside of these parameters will be reviewed and voted on by the Harrington Regional Medical Center Advisory Board.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.44 AC

LAND SF

454,572 SF

ZONING

PD2

APN/PARCEL ID

R-001-0750-1000-0

ASK ABOUT THIS PROPERTY

Ben WhittenburgGaut Whittenburg Emerson; Commercial Real EstateMore Info
806-373-3111

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Ben WhittenburgGaut Whittenburg Emerson; Commercial Real EstateMore Info
806-373-3111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.