5802 Watauga Rd - Medical FOR SALE


Watauga, TX 76148
$1,500,000 USD
972-854-3424
5802 Watauga Rd, Watauga, TX for Sale
$1,500,000 USD
Medical - FOR SALE
1/14
null | 5.9% Cap Rate

5802 Watauga Rd
Watauga, TX 76148


HIGHLIGHTS

  • Heavy traffic on major connection
  • 2 Separate Suites with separate enterances
  • Private offices, great for professional offices

OVERVIEW

Beautiful property, currently leased out by medical business. Current tenant has leased out both suites, but looking to downscale in the next year. Half the building will be available for rent in 6 months. Will provide opportunity to bring in a new tenant with a higher rent. Building built in 2021, first occupied in 2022. Single tenant, well maintained. minor wear and tear. City of Watauga growing Watauga Road to house be a medical corridor. Good city support being provided. High traffic area. Sale includes rights to build monument signage on main road (does not need to be shared).

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$411 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space, Light Distribution, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

-

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

LB

APN/PARCEL ID

42550031

ASK ABOUT THIS PROPERTY

972-854-3424

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972-854-3424

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