1014 N Nolan River Rd - Medical FOR SALE


Cleburne, TX 76033
$3,900,000 USD
817-680-7240
1014 N Nolan River Rd, Cleburne, TX for Sale
$3,900,000 USD
Medical - FOR SALE
1/24
null | Request Cap Rate

1014 N Nolan River Rd
Cleburne, TX 76033


HIGHLIGHTS

  • Additional land for Redevelopment
  • High traffic area in a rapidly growing community with over 1,200 new homes being built
  • 10,000 Leased space with Nationwide tenant

OVERVIEW

OPPORTUNITY ZONE!!! Investment / Owner-User Opportunity – 30,656 SF office/medical building on 12.34 acres in Cleburne, TX. Half of the building is income-producing with an existing tenant, while 13,500 SF is available for immediate occupancy or expansion. The site benefits from General Commercial zoning, proximity to the regional airport, and multiple housing developments driving demand. At a sale price of $3.9M ($127/SF), this offering is well below replacement cost and provides significant value-add potential through lease-up, medical conversion, or redevelopment. Acreage includes 4.4 acre corner lot and 5.99 acre lot both offer opportunity for future expansion or redevelopment. North building (Suite A) has 10,000 square feet and is currently leased and being used as a physical therapy facility. This is beneficial bringing great traffic count. The South building (Suite B) has over 11,000 square feet and was previously a fitness center. Four new 5-Ton HVAC have recently been installed. These buildings offer multiple office spaces along with plenty of storage and workspace.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Garden Center, Storefront Retail/Office, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.34 AC

LAND SF

537,530 SF

ZONING

RC

APN/PARCEL ID

126-2958-00010

ASK ABOUT THIS PROPERTY

Ethan WileyNAI Robert LynnMore Info
817-680-7240

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Ethan WileyNAI Robert LynnMore Info
817-680-7240

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