4515 Lake Shore Dr - Medical FOR SALE


Waco, TX 76710
$1,627,000 USD
254-732-3987
4515 Lake Shore Dr, Waco, TX for Sale
$1,627,000 USD
Medical - FOR SALE
1/14
null | 13.6% Cap Rate

4515 Lake Shore Dr
Waco, TX 76710


HIGHLIGHTS

  • Ada and fire marshal compliant elevator. It is big enough for an emergency stretcher.
  • LED lights on all floors.
  • New spray foam insulation. Your heating and cooling will be minimal.

OVERVIEW

This is wonderful building with a split level design with 9858 sq feet. It was renovated in 2018 and have a brand new 3 phase power system with 3 new transformers on the street. You will have more than enough power. New floors and lights and an elevator installed in 2018 which has seen very limited use and can be activated at the owners discretion. The building is 100% ADA compliant and has passed a TDLR review for the elevator and ADA. There is a 2 story 80 foot long wrap around balcony on the back of the building, It would be ideal for a spa, law office or corporate headquarters. I could also be leased out in whole or in part. Presently it is being used as a medical office and owner is using it presently and has rented about 1000 sq ft to an NP on a renewable 1 year lease. This is 6 months old and could be continued or extended based on the requirements of the new owner. New spray foam insulation has been installed this year. You energy demand on this building will be fantastic. Also there is gas for heating so the cost during the winter is much less. This also mean that attic space can be used as storage for some items since it will not hit 150 degrees. This is perfect for old records and files or anything else an attic space could hold. This is a true gem of a property.

FOR SALE DETAILS

PRICE

$1,627,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

13.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Woods Office Park

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

O1

APN/PARCEL ID

48-045808-001800-1

ASK ABOUT THIS PROPERTY

Steven ZielinskiSZMJ Holdings LLCMore Info
254-732-3987

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Steven ZielinskiSZMJ Holdings LLCMore Info
254-732-3987

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